the general equation for depreciation is given by $y = a(1 - r)^t$, where $y =$ current value, $a =$…

the general equation for depreciation is given by $y = a(1 - r)^t$, where $y =$ current value, $a =$ original cost, $r =$ rate of depreciation, and $t =$ time, in years. a car was purchased 6 years ago for $25,000. if the annual depreciation rate is 11%, which equation can be used to determine the approximate current value of the car?\n$y = 25,000(0.89)^6$\n$y=(25,000 - 0.11)^6$\n$y=(25,000\times0.89)^6$\n$y = 25,000(0.11)^6$

the general equation for depreciation is given by $y = a(1 - r)^t$, where $y =$ current value, $a =$ original cost, $r =$ rate of depreciation, and $t =$ time, in years. a car was purchased 6 years ago for $25,000. if the annual depreciation rate is 11%, which equation can be used to determine the approximate current value of the car?\n$y = 25,000(0.89)^6$\n$y=(25,000 - 0.11)^6$\n$y=(25,000\times0.89)^6$\n$y = 25,000(0.11)^6$

Answer

Answer:

A. $y = 25000(0.89)^6$

Explanation:

Step1: Identify given values

$A = 25000$, $r=0.11$, $t = 6$

Step2: Calculate $1 - r$

$1 - r=1 - 0.11=0.89$

Step3: Substitute into formula

Substitute $A = 25000$, $1 - r = 0.89$, $t = 6$ into $y=A(1 - r)^t$, we get $y = 25000(0.89)^6$