1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Viktor [21]
3 years ago
8

A new car is purchased for 24600 dollars. The value of the car depreciates at 13.75% per year. What will the value of the car be

, to the nearest cent, after 15 years?
Mathematics
1 answer:
liraira [26]3 years ago
7 0

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

You might be interested in
I need help with this question.​
NISA [10]

Step-by-step explanation:

With what?...........

.....

3 0
3 years ago
Que % es 25 de 200<br>que % es 30 de 480<br>que % es 65 de 80<br>que % es 24 de 30​
Alenkasestr [34]

25% de 200 = 50

30% de 480 = 144

65% de 80 = 52

24% de 30 = 7.2

6 0
2 years ago
In which career would you most likely apply<br> concepts from geometry?
sladkih [1.3K]

Answer: Construction and Engineering

8 0
3 years ago
Read 2 more answers
1 2 4 6 7 10 10 14 ?​
mariarad [96]
What’s the question?
4 0
3 years ago
Read 2 more answers
Can someone help me solve this?​
atroni [7]

Answer:

5

Step-by-step explanation:

speed=d÷t.

s=1/4=1/20

cross multiply your equation

6 0
2 years ago
Other questions:
  • Please please help me
    11·1 answer
  • Match the range of the function f(x) = x2 + 2x − 1 to its domain. Tiles 2 -2 3 -3 Pairs 2 14 7 -1
    5·1 answer
  • \frac{1}{5}k-9=\frac{3}{5}k-7
    15·1 answer
  • What is the percent decrease from 350 to 70?
    6·1 answer
  • 4. Simplify this expression: 19 - (-8) - (-14) = ?
    15·2 answers
  • Each video game at an arcade requires 55 tokens.Tom has 100 t video game okens. He said he can play 2 games. Is he correct?
    15·1 answer
  • A cube-shaped item needs to be painted. The item’s edge length is 2 cm. What is the total surface area that will be painted?
    11·2 answers
  • Please help I’ll give brainliest
    10·1 answer
  • P - 13 = 29<br> Can anyone help me with this
    15·2 answers
  • The sum of two numbers is 88 and the second number is 30 more than the first number what is the number and we’re doing writing
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!