The original price of the car before 4 years will be $23,032.
<h3>What is an exponent?</h3>
Consider the function:
y = P (1 ± r) ˣ
Where x is the number of times this growth/decay occurs, P = original amount, and r = fraction by which this growth/decay occurs.
If there is a plus sign, then there is exponential growth happening by r fraction or 100r %
If there is a minus sign, then there is exponential decay happening by r fraction or 100r %
A Naomi's car exponentially depreciates at a rate of 8% per year.
If Nina bought the car when it was 4 years old for $16,500.
Then the original price will be
16500 = P(0.92)⁴
16500 = 0.716P
P = $ 23,032
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The income statement illustrates that the net income will be $3530.
<h3>How to calculate the income statement?</h3>
The income statement will be:
<u>Revenue</u>
Consulting revenue 18350
<u>Expenses</u>
Miscellaneous expenses 720
Rent expense 4820
Salaries expense 8370
Telephone expenses 910
Total expenses 14820
Net income = 18350 - 14820 = 3530
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Answer:
I think your right
hope this helps
have a good day :)
Step-by-step explanation:
Positive 40 is the correct answer
