A reduction of 15% per year means 100-15=85% reducing factor.
1st year: 0.85×18000=$15300.
2nd year: 0.85×15300=$13005.
3rd year: 0.85×13005=$11054.25.
So after 3 years the value of the car is $11054.25 or $11054 to the nearest dollar.
(0, 36) would be the point on the y axis, so 36 is the y-intercept, or the b value in the equation, y = mx + b.
(12,0) is the x-intercept, so we know the line has a negative slope.
The equation for these points would be:
y = -3x + 36
LETTER B
Answer:
The compound interest one is better by about 14 bucks.
Step-by-step explanation:
Simple interest:
500(1+.06*10)=800
Compound interest:
500(1+.05)¹⁰=814.45
Answer:
47/100
Step-by-step explanation:
47 -> 0.47 47/100 = 0.47
The answer is 17 1/4 .Hope this helped.
