Answer:
$25,695
Step-by-step explanation:
You can calculate the price of the car in 2000 using the formula to calculate the future value:
FV=PV(1+r)^n
FV= future value
PV= Present value: $7,500
i= rate: 5.5%
n= number of years: 2000-1977= 23
FV= 7,500*(1+0.055)^23
FV= 7,500*(1.055)^23
FV= 7,500*3.426
FV= 25,695
According to this, the approximate value of the car at the time of the auction is $25,695.
Well,properties can help you because you can shorten or make an equation more understandable, like using distributive property in the example 2(5x-3), you can rewrite it as 10x-6. See?
16 fluid ounces is in 2 cups because every cup, is 8 ounces
X+y=425. This is as simple it can be, unless theres more information. x is the distance traveled on the first day and y is the distance traveled on the second day.
Answer:
5/1
Step-by-step explanation:
