Answer:
YES
Step-by-step explanation:
YES
Answer:
what do you want to know?
Step-by-step explanation:
Answer:
180%
Step-by-step explanation:
Set up an equation:
Variable x = percent of markup
102.56/56.98 = x/100
Cross multiply
102.56 × 100 = 56.98 × x
10,256 = 56.98x
Divide both sides by 56.98:
179.99297.... = x
Round to nearest whole number:
180 = x
Check your work:
56.98 × 180%
Convert the percentage into a decimal:
56.98 × 1.80
102.564
Round to nearest cent:
102.56
Correct!
The worth of the car in 10 years is $1,831.67 using an exponential equation approach.
What is an exponential equation?
An exponential equation is the one with exponents such X^3(the 3 is the exponent)
The exponential equation required here is the one where the future value would be lower than current value because the car reduces in value year-in-year-out.
FV=PV*(1-r)^N
FV=future worth of the car
PV=today's value=$25,000
r=depreciation rate=-23%
N=number of years=10
The fact that r is negative means the car is depreciating not appreciating.
FV=$25,000*(1-23%)^10
FV=$1,831.67
Find further explanation on exponential equation below in the link:
brainly.com/question/11832081
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