Answer:
$1799
Step-by-step explanation:
We simply work backwards and write out an equation.
Lets call the initial price P.
First we have 15% off the initial price P which means that we are only paying 85% of the initial price: .85*P.
Next we use a coupon for 20% off the reduced price which means we only pay 80% of the reduced price: .80 * (.85 * P)
We know that the price paid was $1223.32, set that equal to .80 * (.85 * P)
and we find that P is $1799
Answer:
See attached diagram
Step-by-step explanation:
See attached picture....I assumed -3% was really just -3
Answer:
$15 827
Step-by-step explanation:
The formula for the amount A of depreciation of an asset by an annual percentage rate is
A = V(1 - r)ⁿ
where
n = number of years
r = annual percentage rate
V = value
Data:
n = 13 yr
r = 9 %
V = $22 400
Calculations:
A = 22 400(1 - 0.09)¹³ =22 400(0.91)¹³ = 22 400 × 0.293 45 = $ 6573
So, the car lost $6573 in value because of depreciation.
Current value = 22 400 - 6573 = $15 827
