Answer:
The value will be $1,411.20
Step-by-step explanation:
What we do here is to set up an exponential equation to calculate the value.
Mathematically it will look like this;
V = I(1-r)^n
where V is the future value
I is the initial amount = 24,600
r is rate of decrease = 13.75% = 13.75/100 = 0.1375
n is the number of years = 15 years
substituting these values, we have
V = 24,600(1-0.1375)^15
V = 24600(0.8625)^15
V = 1,411.165582454129
= $1,411.20
Answer:
In the US for oil. And all around the world
Step-by-step explanation:
Answer:
$1.88
Step-by-step explanation:
If an number is an absolute value, it means that the number will be positive. You would plug and check the same way you would for any other equation and it a solution is considered extraneous if the equation is not equal
