Answer:
$9052
Step-by-step explanation:
a= starting car price
(1-r)= exponential decay
r= rate
t= # of years
Equation:
a(1-r)^t
Plug in the numbers.
a= 24000 r=15%=0.15 (1-r)= 1-0.15 = 0.85
a(1-r)^t = 24000(0.85)^6
= 24000(0.37714951562)
= 9051.588375
= 9052
Answer:
9/16
Step-by-step explanation:
Answer:54.117
Step-by-step explanation:
Mean=45.4
Standard deviation=5.3
=5%. =0.05
1-0.05=0.95
Normal Dist(40,10)
InverseCdf(0.95,45.4,5.3)
