The depreciation of a truck is calculated based on a rate of 22 cents per kilometre travelled - HSC - SSCE Mathematics Standard - Question 6 - 2023 - Paper 1
Question 6
The depreciation of a truck is calculated based on a rate of 22 cents per kilometre travelled.
What is the value of the truck after it has travelled a total distanc... show full transcript
Worked Solution & Example Answer:The depreciation of a truck is calculated based on a rate of 22 cents per kilometre travelled - HSC - SSCE Mathematics Standard - Question 6 - 2023 - Paper 1
Step 1
Calculate Total Depreciation
96%
114 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
To find the total depreciation for the truck after travelling 132,600 km, we use the formula:
extTotalDepreciation=extDistanceimesextRateperkm
Here, the distance is 132,600 km and the rate is 0.22 (22 cents). Thus:
extTotalDepreciation=132600imes0.22=29172
Step 2
Determine the Original Value of the Truck
99%
104 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
Assuming the truck has an original value of the maximum depreciation amount plus the final value after travelling, we can denote the original value as: