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What is the value of the lawn mower after seven years

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Reference no: EM132739616

Problem 1: Leah purchased a lawn mower for $3,865. It depreciates 1.5% each year. What is the value of the lawn mower after seven years?

A.$3,807.03

B.$4,289.55

C.$3,831.31

D.$3,476.99

Problem 2: The population of a town is 24,721 and declines continuously at a rate of 2.9% each year. What is the approximate population of the town in 12 years?

A.16,118

B.17,366

C.17,455

D.35,011

Reference no: EM132739616

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