The depreciation amount is calculated by the following formula: D = P_i(1 - i)^Y

Question

The depreciation amount is calculated by the following formula: D = P_i(1 - i)^Y - 1 Where: D = Depreciation amount P = Original Price i = Depreciation rate Y = Year of depreciation An excel file DepamtAB.xsIx needs to be placed in your MATLAB directory and using appropriate MATLAB statements, read the required data from the file. Using the above formula calculate the depreciation amount for each car model and plot this data in the form of a bar graph. i. Develop a pseudo code to solve the above problem. ii. Write the appropriate MATLAB statements for each step. iii. Test your solution by writing a MATLAB function on your computer and submit a print copy/email attachment of your code.

Explanation / Answer

clc

load (p.mat);

load(I.mat);

load(y.mat);

a=p*I

c=y-1;

b=(1-i)^c

Dep=a*b;

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