Math Problem Statement

annalisa wants to buy a harley davidson motorcycle. The model she wants to purchase costs $26,100 and straight line depreciates for 18 years. 1-what is the rate of depreciation for the motorcycle? 2- what is the straight like depreciation equation? 3- if she wants to sell the motorcycle after 5 years, how much should it be worth? 4- when will the motorcycle be worth 11.600?

Solution

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Math Problem Analysis

Mathematical Concepts

Straight-Line Depreciation
Algebra
Linear Equations

Formulas

Rate of Depreciation = Initial Value / Years of Depreciation
Depreciation Equation: V(t) = V0 - D * t

Theorems

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Suitable Grade Level

Grades 9-12