6. Loans, Investments, & Annuities
Interactive practice questions
A 2012 Holden Commodore is priced at $\$33000$$33000 and depreciates by approximately $\$4000$$4000 per year.
a
Complete the following table:
| Year | Price (dollars) |
|---|---|
| $0$0 | $33000$33000 |
| $1$1 | $\editable{}$ |
| $2$2 | $\editable{}$ |
| $3$3 | $\editable{}$ |
| $4$4 | $\editable{}$ |
| $5$5 | $\editable{}$ |
b
By this calculation method, will the car ever be worth nothing?
Yes
A
No
B
c
This depreciation method is known as:
Straight Line Depreciation
A
Constant Change Depreciation
B
Declining Balance Depreciation
C
Zero Return Depreciation
D
Easy
2min
The spectator attendance at an annual sporting event was recorded for four consecutive years from its first year of running: $44500$44500, $43800$43800, $43100$43100, $42400$42400
Easy
1min
It is estimated that a house purchased for $\$254500$$254500 will depreciate by an average of $\$9400$$9400 each year.
Easy
1min
The graph shows the depreciation of a car's value over 4 years.
Easy
3min
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