1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
worty [1.4K]
2 years ago
7

Henry bought a classic car in the year 2000. He believes that the value of the car depreciates exponentially at a rate of 4% eac

h year. If the car was originally valued at $70,000, what should Henry expect the value of the car to be in 2012?
Mathematics
1 answer:
ASHA 777 [7]2 years ago
6 0

The value of the car in 2012 is $42,889.68

Depreciation is the decrease in the value of a property. It means that the value of the car would decrease each year.

In order to determine the value of the car after a period of time, use this formula:

FV = P (1 - r)^n

  • FV = value of the car in 2012
  • P = value of the car in 2000 = $70,000  
  • R = rate of depreciation = 4%  
  • N = number of years = 12 years

$70,000 x (1 - 0.04)^12  

$70,000 x (0.96)^12 = $42,889.68

A similar question was solved here: brainly.com/question/11560012

You might be interested in
Name the pairs of equivalent ratios: 2:3, 9:12, 8:5, 1:2, 2:1, 16:10, 3:6, 6:9, 5:8, 3:4 Tell how you know they are equivalent.
Svetach [21]

Answer:

Step-by-step explanation:

2:3  And.  6:9

3:4  And 9:12

8:5 and 16:10

1:2.  And 3:6

4 0
3 years ago
I need help with linear inequalities one question. the question is -7x-86 less than -93.
Andreyy89
-7x<-93+86
-7x<-7
x>1 is the answer

DO YOU NEED TO GRAPH TOO? 
5 0
3 years ago
I will mark Brainliest to the most accurate answer... Please help)
Aleks [24]

Answer:

24

Step-by-step explanation:

12% of 200

12/100 × 200

24

8 0
3 years ago
Read 2 more answers
What is the Derivative of y=sec(x2)y=sec(x^2)?
wolverine [178]
y=sec(x^2)=\frac{1}{cos(x^2)}=[cos(x^2)]^{-1}\\\\y'=-cos(x^2)^{-2}\cdot[-sin(x^2)]\cdot2x\\\\=\frac{1}{cos^2(x^2)}\cdot sin(x^2)\cdot2x=\frac{2xsin(x^2)}{cos(x^2)cos(x^2)}=2x\cdot\frac{sin(x^2)}{cos(x^2)}\cdot\frac{1}{cos(x^2)}\\\\=\boxed{2xtg(x^2)sec(x^2)}
6 0
3 years ago
Read 2 more answers
Melissa had 9 stamps after she sold 4 stamps at the stamp show. How many stamps did she have before the show?
Sauron [17]

If you add 9+4 you get 13 so Melissa has 13 stamps now :)


3 0
3 years ago
Read 2 more answers
Other questions:
  • School starts in 45 minutes and you live 17 miles from school. What average speed (in miles per hour) do you need to travel in o
    12·1 answer
  • Find the first ten multiples of 6.
    7·2 answers
  • a spinner is divided into 10 equal sections numbered from 1 to 10. You have spin the spinner once. What is P (divisible by 2)
    11·1 answer
  • What is the slope of the line passed through the points ( 1, -5) and 4,1?
    12·1 answer
  • Which of the following sets of numbers could be the lengths of the sides of a triangle?
    12·2 answers
  • Mason sold 10 wristband and made a total of 5 dollars
    13·2 answers
  • Is 7.29 a rational number?​
    7·1 answer
  • 20≥8+4.99x please I could get an F.
    15·1 answer
  • 1. What is the slope of the line tangent to the curve defined by y2 + xy - x2 = 11x at the point (2, 3)?
    11·1 answer
  • Which of the following lists does not include all the factors of the number?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!