Answer:
The value at the end of year 2 is $4400.
Step-by-step explanation:
The best approach here is to determine the expression for the line depreciation and then calculate the depreciation value at x = 2 years.
A line is given by
where m is the slope and b the bias (aka y-intercept). You can determine both directly from what is given. The slope is change in y divided by change in x. We know that over 5 years the car loses (500-7000)=-6500 in value. So, the slope is m=-6500/5 (note the negative sign). At time 0, the y-intercept is 7000, since that is the initial value (at year 0). So our line function is fully identified:
and gives you the value of the car in any given year. To answer the question, we now plug in 2 as value of x:
Answer:
d
Step-by-step explanation:
Answer: The total interest paid on the mortgage is $179550
Step-by-step explanation:
The initial cost of the property is $300000. If he deposits $30000, the remaining amount would be
300000 - 30000 = $270000
Since the remaining amount was compounded, we would apply the formula for determining compound interest which is expressed as
A = P(1+r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount deposited
From the information given,
P = 270000
r = 2% = 2/100 = 0.02
n = 12 because it was compounded 12 times in a year.
t = 25 years
Therefore,
A = 270000(1+0.02/12)^12 × 25
A = 270000(1+0.0017)^300
A = 270000(1.0017)^300
A = $449550
The total interest paid on the mortgage is
449550 - 270000 = $179550
Answer:
John would be running 1560 miles in a year
Answer:
none of those answers are right, because the base of the triangle at 7/24 ft (or 0.29 ft) is smaller than the height 1/3 ft (or 0.33 ft)
Step-by-step explanation:
7/24 - 1/3 =
7/24 - 8/24 = -1/24
