Answer: $13,846.02
Step-by-step explanation:
The car cost $29,750 when it was first bought.
It will then depreciate at a rate of 12% per year. This means that the value of the car reduces by 12% per year.
To find the value of the car in the 6th year, you can use the compound interest formula:
= Value of car * ( 1 - rate) ^ no. of years
= 29,750 * ( 1 - 12%)⁶
= 13,816.021581824
= $13,846.02
Answer:
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Step-by-step explanation:
SA=bxh
SA=5x9/2
45/2
22.5 in squared
The equation of the profit function is 300x - 3600
Total cost function C(x) = 74x + 3600
Total revenue function R(x) = 374x
The profit function is the difference between the total revenue and the total cost and this will be:
= R(x) - C(x)
= 374x - (74x + 3600)
= 374x - 74x - 3600
= 300x - 3600
In conclusion, the equation of the profit function is 300x - 3600
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