Answer:
$13842.43
Step-by-step explanation:
Given data
Value of car=$15,250
Rate of depreciation= 16%
Time = 6 years
We can use the exponential function below to model the value of the car after 6 years
v(t)= a(r)^x
But r= 1-0.016----------Because the value is depreciating
a=15,250
r=0.016
x=6
Substitute
v(t)= 15250(1-0.016)^6
v(t)= 15250(0.984)^6
v(t)= 15250*0.9077
v(t)= $13842.43
Hence the value will be $13842.43 after 6 years
0.3% = 0.003..." of " means multiply
0.003(200) = 0.6 <==
0.85% = 0.0085
0.0085(600) = 5.1 <==
what u can do to turn the percents to decimals is divide by 100.
0.3 / 100 = 0.003 and 0.85 / 100 = 0.0085
or u can move the decimal two spaces to the left
The answer is 1/16 i think. Hope this helps! :)