Answer:
F = $11,421.90
Final value after 5 years F = $11,421.90
Complete question;
You purchased a vehicle for $32,000. It's value will depreciate at a rate of 18.62%. What will it's value be in 5 years, when you finally have it paid off
Step-by-step explanation:
Given;
Initial value P = $32,000
Depreciation rate r = 18.62% = 0.1862
Time t = 5
Final value = F
Using the compound depreciation formula;
F = P(1 - r)^t
Substituting the values;
F = $32,000(1 - 0.1862)^5
F = $11,421.90
Final value F = $11,421.90
You can use estimation to find the product of two decimals by rounding both the decimal’s so the nearest tenth or tens place (depending on how long it is) and then multiplying the decimals.
for example, if you had 4.6 and 8.9, you have to round the 4.6 and 8.9. you round the 4.6 up to 5 because the 6 bumps the 4 up to 5) and then round 8.9 to 9 (because the 9 bumps the 8 up to 8.) then, multiply 5 and 9 and you get 45!
Answer:
The answer is C, the third one.
6 units as a mixed number will get you to 16
