Convert them into the same form. 1/5 is equal to 2/10, or .2. .21 is clearly slightly bigger than .2
Answer:
A = P(1+r/n)^nt
A= 15000 ( 1+ 1.35/4)^4
A= 15000×3.2
A = 48002
the total balance is 48002
Answer:
$500
Step-by-step explanatioThe numberber of years driven is the first and second year
= 2
Miles driven
First year= 15,500
Second year= 14,500
Therefore the cost of depreciation can be calculated as follows
15,500-14,500/2
= 1000/2
= 500
Hence the cost of depreciation is $500
