Answers:
After 7 years the car is worth $10,196(,46)
Explanation:
Year 1: $24,950•0,88=21,956
Year 2: $21,956•0,88=19,321(,28)
Year 3: $19,321(,28) •0,88=17,002(,73)
Year 4: $17,002(,73) •0,88=14,962(,40)
Year 5: $14,962(,40) •0,88=13,166(,91)
Year 6: $13,166(,91) •0,88=11,586(,88)
Year 7: $11,586(,88) •0,88=10,196(,46)
Answer:
3/14
Step-by-step explanation:
hope this helps
Answer:
$167.08
Step-by-step explanation:
First, converting R percent to r a decimal
r = R/100 = 9.63%/100 = 0.0963 per year,
then, solving our equation
I = 347 × 0.0963 × 5 = 167.0805
I = $ 167.08
The simple interest accumulated
on a principal of $ 347.00
at a rate of 9.63% per year
for 5 years is $ 167.08.