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2 answers:
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Answer:
Step-by-step explanation:
we know that
In an <u><em>Arithmetic Sequence</em></u> the difference between one term and the next is a constant, and this constant is called the common difference (d)
In this problem we have the ordered pairs
Let
Find the difference between one term and the next
The difference between one term and the next is a constant
This constant is the common difference
so
The sequence graphed is an Arithmetic Sequence
therefore
The first term is
The common difference is equal to
Answer:
After 7.40 years it will be worth less than 21500
Step-by-step explanation:
This problem is solved using a compound interest function.
This function has the following formula:
Where:
P is the initial price = $ 34,000
n is the depreciation rate = 0.06
t is the elapsed time
The equation that models this situation is:
Now we want to know after how many years the car is worth less than $ 21500.
Then we do y = $ 21,500. and we clear t.
After 7.40 years it will be worth less than 21500