Linear Depreciation and Probability Financial Algebra

Jordyn purchased a new car for $37,800. From her research she determined that it straight line depreciates in 14 years. How much does it depreciate per year?

Daniel’s Print Shop purchased a new printer for $35,000. Each year it depreciates at a rate of 5%. How much will the printer be worth in 8 years?

• $23,219.72

• $136.72

• $51,710.94

• $16,710.94

A machine worth $50,000 depreciates at a rate of 15\% per year. What will be its value after 3 years?

A laptop worth $1,200 depreciates at a rate of 20\% per year. What will be its value after 2 years?

• $7995.31

• $1048.58

• $14859.47

• $6676.08

Tim buys a new computer for his office for $1200. For tax purposes, he declares a linear depreciation (loss of value) of $200 per year.

What is the value of Tim's computer after 4.5 years?

• $300

• $200

• $2100

• $5200

A company bought a truck priced at $50,000. If the truck loses $2,400 in value each year, after how many years will it be worth exactly $30,800?

• 8 years

• 12 years

• 13 years

• 21 years

A car worth $20,000 depreciates at a rate of 10% per year. What will be its value after 2 years?

• A

• B

• C

• D

You want to purchase a car for $10,000 but the value will depreciate 2% every year. How much will it be worth after 20 years?

• $7995.31

• $1048.58

• $14859.47

• $6676.08