Answer : The rate of depreciation is, $16000
Step-by-step explanation :
Formula used to calculate the rate of depreciation is:
Given:
Purchase price of asset = $15000
Salvage value = $7000
Estimate life asset = 3 years
Now put all the given values in the above formula, we get:
Deprecation rate = $16000
Therefore, the rate of depreciation is, $16000
Answer:
Step-by-step explanation:
Hello!
A trinomial is a expression consisting of three different terms
To turn this into a trinomial we multiply everything to each other
<u> 3x </u>
3x * x =
3x * 10 = 30x
<u> 8 </u>
8 * x = 8x
8 * 10 = 80
Now we put them all together in an equation
Combine like terms
The answer is
Hope this helps!
Answer:
see the explanation
Step-by-step explanation:
we know that
step 1
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above
Applying property of exponents
step 2
The formula to calculate continuously compounded interest is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
e is the mathematical constant number
we have
substitute in the formula above
Applying property of exponents
step 3
Compare the final amount
therefore
Find the difference
----> Additional amount of money you would have in your pocket if you had used a continuously compounded account with the same interest rate and the same principal.