Daniel Potter bought a new car for $20,000.00. Two years later, he wanted to sell it. He was offered $14,650.00 for it. If he so
ld it for that amount, what was his depreciation rate?
2 answers:
His depreciation rate would be around 5,350 if i'm not mistaking
Daniel sold the car for $14,650 ÷ $20,000 = 0.73, or 73% of its original value. Thus, the depreciation rate was 100% – 73% = 27%
= 27 %
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it is 1/2 because it is greater
Answer:
20 weeks.
Step-by-step explanation:
The equations of money deposits of each bankholder as a function of time are, respectively:
Jim
Sally
The number of weeks so that both have the same amount of money is:
