The exponential equation that can model the value of the camper van , in x years is y = 38000*(0.85)ˣ .
In the question ,
it is given that
the present value of the camper van (P₀) = $38000
given the depreciation rate is 15% each year (r)= -0.15
The future value y ,of the camper van can be given by the formula
y = P₀*(1 + r)ˣ
On putting the values , we get
y = 38000*( 1 - 0.15)ˣ
y = 38000*(0.85)ˣ
Therefore , The exponential equation that can model the value of the camper van , in x years is y = 38000*(0.85)ˣ .
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She has to make 400 in order to raise $200 because if she was selling them for $1 she would need 200 so just double that since she's only selling them for $0.50
Answer: positive
The absolute value of every nonzero integer is a positive integer.
Examples are
|-2| = 2
|7| = 7
The absolute value represents distance which can never be negative. Negative distance does not make sense.
Answer:
Step-by-step explanation:
a) Because you are only receiving $1500 and in exchange you would have to cover for this accident damage in the next year, which could be up to hundred of thousands of dollar. Sure there's a chance the your neighbor might drive safely, but the odds are far more in his favor than yours.
b) The insurance company collect payments from hundred of thousands buyers, making their cash flow up to tens of million dollar. Sure the expected value of accidents might be high but as a company they surely have capital to cover a handful of cases, if their calculation done right.
