You first multiply 6 and 8 to see how many people are put in the vans without rented a van. This would equal 48. You then subtract 48 from 59 to see how many people still need to be in a van. This would leave you with 11 people. Then you divide 8 from 11 to get 1 3/8. This means you need 2 vans to fit everyone.
Answer:
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Step-by-step explanation:
Answer:
F = $11,421.90
Final value after 5 years F = $11,421.90
Complete question;
You purchased a vehicle for $32,000. It's value will depreciate at a rate of 18.62%. What will it's value be in 5 years, when you finally have it paid off
Step-by-step explanation:
Given;
Initial value P = $32,000
Depreciation rate r = 18.62% = 0.1862
Time t = 5
Final value = F
Using the compound depreciation formula;
F = P(1 - r)^t
Substituting the values;
F = $32,000(1 - 0.1862)^5
F = $11,421.90
Final value F = $11,421.90
