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Leokris [45]
3 years ago
10

The value of a boat is $23,400. It loses 8% of its value every year. Find the approximate monthly percent decrease in value. Rou

nd your answer to the nearest
hundredth of a percent.
Mathematics
1 answer:
Vera_Pavlovna [14]3 years ago
3 0

Answer:

Hello!

To answer your question:

8% of 23,400 is 1872.

23,400- 1872= $21,528 by the end of the first year

1 year=12 months

1872/12= $156- this is how much it is decreased monthly.

156 is 0.67% of 23400, so the monthly percent decrease of 0.67%.

Hope this helps, and hope this is right! :)

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galben [10]

Answer:

t \leq 18.67\ years

Step-by-step explanation:

we know that

The simple interest formula is equal to

A=P(1+rt)

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in this problem we have

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The inequality that represented this situation is

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substitute the values and solve for t

4,500(1+0.03t) \leq 7,020

(0.03t) \leq (7,020/4,500)-1

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7 0
3 years ago
Farmer Ed has 2,500 meters of fencing,
Juliette [100K]

Answer:

Because it is a rectangle, the area is expressed as A = xy, or length times width.

Because it is next to the river, he only needs to fence three sides, so F = x + 2y.

Knowing the amount of fencing available is 7500m, we get:

 

7500 = x + 2y        solve for x

x = 7500 - 2y         substitute into the area equation

A = (7500 - 2y)y     distribute

A = -2y2 +7500y

 

You can see that this is a parabola which opens down, meaning that the point of maximum area will be at the vertex, y = -b/2a = -7500/[2(-2)] = 1875

 

x = 7500 - 2(1875) = 3750

 

A = 3750(1875)  = 7,031,250 m2

Step-by-step explanation:

4 0
4 years ago
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Answer: 6 hours

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So your answer is 6 hours

Hope this helped:))

3 0
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4 0
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