The exponential equation that can model the value of the camper van , in x years is y = 38000*(0.85)ˣ .
In the question ,
it is given that
the present value of the camper van (P₀) = $38000
given the depreciation rate is 15% each year (r)= -0.15
The future value y ,of the camper van can be given by the formula
y = P₀*(1 + r)ˣ
On putting the values , we get
y = 38000*( 1 - 0.15)ˣ
y = 38000*(0.85)ˣ
Therefore , The exponential equation that can model the value of the camper van , in x years is y = 38000*(0.85)ˣ .
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Answer:
a. $ 2,431.01 = 4 years
b. $ 4,584.04 = 17 years
c. 4.57 years = $ 2,499.57
d. 8.3 year = $ 2,998.48
e. $ 2,431.01 = 4 years
Step-by-step explanation:
Compound Interest Equation
A = P(1 + r/n)nt
Where:
A = Accrued Amount (principal + interest)
P = Principal Amount
I = Interest Amount
R = Annual Nominal Interest Rate in percent
r = Annual Nominal Interest Rate as a decimal
r = R/100
t = Time Involved in years, 0.5 years is calculated as 6 months, etc.
n = number of compounding periods per unit t; at the END of each period
Answer:
10.5 miles
Step-by-step explanation:
You multiply the distance with the number of times he ran.
Answer:

Step-by-step explanation:
Consider an equation: 
Here, m is the slope of the line and c is the y-intercept.
Given equation is 
Here, slope is 
As product of slopes of two perpendicular lines is equal to
, slope of the required line is
.
Let 
Equation of the required line is 
