Answer:
Here,
initial price (p)=$6500
Time from 2007 to 2020 (t)= 13yrs.
rate (r)=14.3%
now,
[tex]present \: price \: (pt) = p(1 - \frac{r}{100} )[/tex]
or, pt = $6500(1-14.3/100)
by simplifying it we get,
The, present price is $5570.5.
now, if you are searching for depreciated amount only then,
depreciated amount =$6500-$5570.5
=$929.5.
Hope it helps...
