Find the quotient of 42 4 6
1 answer:
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Answer:
After 7.40 years it will be worth less than 21500
Step-by-step explanation:
This problem is solved using a compound interest function.
This function has the following formula:
Where:
P is the initial price = $ 34,000
n is the depreciation rate = 0.06
t is the elapsed time
The equation that models this situation is:
Now we want to know after how many years the car is worth less than $ 21500.
Then we do y = $ 21,500. and we clear t.
After 7.40 years it will be worth less than 21500
Let's look at each part of the equation. We need to first convert the inches to feet then multiply it by 60 to get per hour.
To convert inches to feet, we need to divide by 12.
100÷12
8 1/3
We need to then multiply it by 60 to find per hour.
8 1/3×60= 500
Let's put the equation together, we'll need parenthesis.
To convert inches to feet, we need to divide by 12.
100÷12
8 1/3
We need to then multiply it by 60 to find per hour.
8 1/3×60= 500
Let's put the equation together, we'll need parenthesis.