The worth of the car after it is paid off 5 years later given the rate of exponential depreciation is $32,842.34.
<h3>What is the worth of the car?</h3>
When the car declines in value, it means that the car is depreciating. The formula that can be used to determine the value of the car with the depreciationn rate is:
FV = P (1 - r)^n
- FV = Future value
- P = Present value
- R = rate of decline
- N = number of years
$42,000 x (1 - 0.048)^5 = $32,842.34
To learn more about future value, please check: brainly.com/question/18760477
Interest = 500 x .03 x 4
I = 60
Closing Balance = 500 (p) + 60 (1)
Closing Balance = 560
The statute generates statistical data that is generally cited to support findings is the Truth in Lending Act.
<h3>What is statistical data?</h3>
It should be noted that a statistical data simply means factual information that are recorded for analysis purpose.
In this case, the statute generates statistical data that is generally cited to support findings is the Truth in Lending Act. It helps protect unfair credit billing and card practices.
Learn more about statistics on:
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Answer: A is 32.5
B is 162.5
Step-by-step explanation:
so what i did was that i divided 65/13 and i got 5 and then i divided 5/2 and got 2.5 and then i multiplied 13 and 2.5 and got 32.5 and then i divided 32.5 and 2.5 and got 65 and then i multiplied 65 and 2.5 and got 162.5
hope that helped!
good luck :)
Answer:
The Amount of tax paid on the cell phone is $11.9
Step-by-step explanation:
Given as :
The cost of the cell phone = x = $170
The tax rate of the cell phone = r = 7% of the phone cost
Let The Amount of tax paid on the cell phone = $y
<u>Now, According to question</u>
The Amount of tax paid on the cell phone = 7 % of cost of the cell phone
i.e y = 7% of x
Or, y = 
× x
Or, y = × $170
Or, y = 
∴ y = 7 × 1.7
i.e y = $11.9
So,The Amount of tax paid on the cell phone = y = $11.9
Hence, The Amount of tax paid on the cell phone is $11.9 Answer
