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FinAlgA: U3,MC2 - Depreciation

Authored by Joy Karsgaard

Mathematics

11th - 12th Grade

Used 6+ times

FinAlgA: U3,MC2 - Depreciation
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6 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The Depreciation remains constant according to which method?

Sum of Years Digits

Exponential

Declining Balance

Straight Line Method

2.

FILL IN THE BLANKS QUESTION

1 min • 1 pt

Media Image

The graph of a straight line depreciation equation is shown. What is the original value of the car?

(a)  

3.

FILL IN THE BLANKS QUESTION

1 min • 1 pt

Media Image

The graph of a straight line depreciation equation is shown. How many years will it take for the car to depreciate to 50% of its original value?

(a)  

4.

FILL IN THE BLANKS QUESTION

1 min • 1 pt

The straight line depreciation equation for a luxury car is y=-3400x+85000. How many years will it take for the car to totally depreciate?

(a)  

5.

FILL IN THE BLANKS QUESTION

1 min • 1 pt

Chris purchased a used car for $19,700. The car depreciates exponentially by 10% per year. How much will the car be worth after 6 years? Round your answer to the nearest cent.

(a)  

6.

FILL IN THE BLANKS QUESTION

1 min • 1 pt

Raphael purchased a 3 year old car for $16000. He was told that this make and model depreciates exponentially at a rate of 5.45% per year. What was the original price of the car when it was new?

(a)  

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