Appreciation and Depreciation Practice calculation.

After how many years will a $2400 sapphire ring be worth $8000 if it increases in value by 10.5% annually, compounded annually. Round to the nearest year.

(a)  

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CCSS.HSF.LE.A.4

You bought a Boston Whaler in 2004 for $12,500. The boat's value depreciates by 7% a year. How much is the boat worth in 2012?

• $11625
• $6994.77
• $21,477
• $875

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CCSS.HSF.BF.A.2

Ash has $8,000 in a savings account. The interest rate is 3% compounded once a year.

To the nearest cent, how much will he have in his account in 4 years?

• $9,004.07

• $2,2848.80

• $9,011.94

• $8,242.71

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CCSS.HSF-LE.A.1C

You buy a new computer for $2100. The computer decreases by 50% annually. How much is it worth after 2 years.

• 225
• 325
• 425
• 525

Tags

CCSS.HSF.BF.A.2

 Halle deposited $4000 into an account that earns 5% interest each year.  The growth of her investment can be expressed by the exponential equation, A = 4000(1 + .05)^t, where A is the amount in the account after t years.  In how many years will her account exceed $10,000?

• 19 years
• 16 years
• 22 years
• 25 years

The population of a small coastal resort town, currently 3400, grows at a rate of 3% per year.  This growth can be expressed by the exponential equation P = 3400(1+.03)^x, where P is the population after t years.  Find the number of years it will take for the population to reach 10,000?

• 20 years
• 26 years
• 30 years
• 36 years

Tags

CCSS.HSF.LE.A.4

Which of the formulas below can be used for appreciation?

A car was bought for $36,000 and the insurance company decided to calculate its depreciation each year as 12.5% from the period of July 12, 2017 to July 12, 2020. What time (in years) during which the price of the car was depreciated at 12.5%?

• 2

• 3

• 4

• 2020

If a vehicle costing $10,000 depreciates by 10% each year for 3 years, what is the cost of the vehicle after 3 years?

• $7,000

• $7,290

• $13,000

• $13,310

Tags

CCSS.HSF.BF.A.2

• Simple Interest

• Compound Interest

• Depreciation

• Appreciation