Answer:
The amount the car will be worth after 6 years is £21,917 and 22 pence
Step-by-step explanation:
The amount for which Colin buys the car, PV = £28,100
The amount by which the car depreciates each year, r = 4%
The number of years after which the value of the car is sought, n = 6 years
The future value, FV, based on an annual depreciation is given as follows;

Substituting the known values gives;

Therefore, the amount the car will be worth after 6 years, future value FV₆ = £21,917 and 22 pence
Step-by-step explanation:
a.)Buying: total cost
Total cost= commission + (price per share× Number of of shares ) ;
Total cost= 10 + (11.06×500)=$5540
b.)Net gain or loss;
First, find cash received from sale of stock and deduct commission;
Cash from sale =10×500= $ 5000
deduct commission= 5000-10= $4990
Gain or loss= sale-cost = 4990-5540 = -$550, meaning there is a loss.
c.) Annual rate of return= (net gain or loss/amount paid)×100%
return= -550/(5540)×100 = -9.92%
1.21 because of means multiply and .55% is .0055 so 220*0.0055 is 1.21.
This equation is separable,

Integrate both sides and solve for
:




Solve for
using the initial value.

Then the particular solution is
