Answer:
Step-by-step explanation:
The formula for determining simple interest is expressed as
I = PRT/100
Where
P represents the principal or initial amount invested or collected as a loan.
R represents interest rate.
T represents the duration of time in years before the loan is bald back.
From the information given,
P = 1290
I = 5.75
Since there are 365 days in a year,
t = 65/365 = 0.1781 years
Therefore,
5.75 = (1290 × r × 0.1781)/100
5.75 = 229.749r/100 = 2.29749r
r = 5.75/2.29749
r = 2.5027
Rounding to the nearest percent,
r = 3%
39% has the same value as .39
I think transition, reflection, transition, and reflection.
Answer $32,045
Step-by-step explanation: Ok, to get the rate of depreciation all we we have to do is $45 divided by $40.480 you would get 1.1116.
The rate of depreciation: 1.1116
If you do $45,000 divided by 1.1116 you'll get 40,322.
It won't be the exact same answer because you would have to divide for an hour.
Now we can skip to the important part: $35,622 divided by 1.1116 = $32,045
Therefore the truck will be worth $32,045 in 10 years!
I hope this helped
