Answer:
$3474.25
Step-by-step explanation:
Use the compound amount formula A = P(1 + r)^t. Here r is the rate as a decimal fraction and is -0.15. t represents the number of y ears. P is the initial value of the car.
Then: A = ($15,000)(1 - 0.15)^9, or
A = ($15,000)(0.85)^9 = $3474.25
We can use the compound interest formula
F=P(1+i)^n
where
F=Future value of investment to be found
P=present value of investment ($1000)
i=interest per period (1/4 year)=0.04/4=0.01
n=number of periods (3 years * 4 quarters = 12)
Substitute or "Plug in" values, so to speak,
F=1000*(1+0.01)^12
use a calculator to do the sum
=1126.83 (to the nearest cent, and use the proper rounding rules)
Oh thanks Pls help ASAP i don’t have time!!!!!
Answer:
cawnser is 60
Step-by-step explanation:
because 5 times 12 is 60 hours
It would be 46, have a nice day