The value of the car after three years is £6936
<h3>How to determine the value of the car?</h3>
The initial value of the car is given as:
Value = £12000
When the value depreciates by 20% after the first year, the new value of the car is:
New = £12000 * (1 - 20%)
Evaluate
New = £9600
When the value depreciates by 15% after the second year, the new value of the car is:
New = £9600* (1 - 15%)
Evaluate
New = £8160
When the value depreciates by 15% after the third year, the new value of the car is:
New = £8160 * (1 - 15%)
Evaluate
New = £6936
Hence, the value of the car after three years is £6936
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Answer:
4 = IV
Step-by-step explanation:
Answer:72
Step-by-step explanation:
72 and the angle to the top right of x are corresponding angles. This means they are the same. Using this, we can see that the same angle to the top right of x that we now know is 72 is also vertical to x. Vertical angles are also equal, so x = 72
is the principal, or starting amount
is the interest rate, represented as decimal
is the number of times the investment is compounded per year
is the amount of years the investment is compounded over
because we start our investment at $500
because our interest rate is 1.9%
because the investment is compounded daily, or 365 times per year