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Margaret [11]
3 years ago
8

The original value of a car is $15,000, and it depreciates (loses value) by 20% each year. What is the value of the car after th

ree years?. . A. $120. B. $9, 600. C. $44, 280. D. $7, 680
Business
2 answers:
Roman55 [17]3 years ago
7 0
The value of car after three years is equal to the original price times the multiplier raised to a 3 (because of number of years). This is shown in the equation below,
                                         V = P x (1 - r)^3
Substituting the given values,
                                        V = ($15,000) x (1 - 0.2)^3
The value of the car after three years is equal to $7,680. The answer is letter D. 
mina [271]3 years ago
7 0

Answer:

D or $7680

Explanation:

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The income statement is reconstructed on a cash basis from top to bottom when the ________ method is used to prepare the operati
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Direct method

Explanation:

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1. Operating activities: It records those transactions which are related to the cash receipts and cash payments.

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2. Investing activities: It records those activities which include purchase and sale of the long term assets

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4 years ago
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Ulleksa [173]

Civilian federal employees are also referred to as <u> "civil servants".</u>



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3 0
4 years ago
_____ 7. While North Americans want to decide the main points at a business meeting and leave the details for later, people in t
Afina-wow [57]

Answer:

"Mexico" is the appropriate answer.

Explanation:

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3 0
3 years ago
Under what economic system do all businesses operate only as directed by the government?
Sergeu [11.5K]
<span>hello there your answer would be communism</span>
7 0
3 years ago
if Alexis invest $2,000 into a fund that earns 5.5% interest compounded annually, how long will it take for her investment to gr
madreJ [45]

Answer:

73 years

Explanation:

To solve this problem, we can use the formula for the annual compound interest, which is:

A=P(1+r)^t

where:

A is the final amount after time t

P is the principal

r is the rate of interest

t is the time

In this problem, we have:

P=\$2000 is the principal

r=0.055 is the interest rate (5.5%)

We want to find the time t at which the amount of money is

A = $100,000

Therefore, we can re-arrange the equation and solve for t:

(1+r)^t=\frac{A}{P}\\t=log_{1+r}(\frac{A}{P})=log_{1+0.055}(\frac{100,000}{2000})=73

So, it will take 73 years.

3 0
3 years ago
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