Answer:
£1638.40
Step-by-step explanation:
Step one:
Given data
A car costs £5000 when new
Each year the value decreases by 20%.
Step two:
let us compute the worth in the next 5 years
year 1
worth= 5000- 0.2*5000
worth= 5000-1000
worth= £4000
year 2
worth= 4000- 0.2*4000
worth= 4000-800
worth= £3200
year 3
worth= 3200- 0.2*3200
worth= 3200-640
worth= £2560
year 4
worth= 2560- 0.2*2560
worth= 2560-512
worth= £2048
year 5
worth= 2048- 0.2*2048
worth= 2048-409.6
worth= £1638.40
The person is wrong because after 5 years the car is worth £1638.40
Answer:
9222521251
Step-by-step explanation:
+6261113051+
151232065+3
156
Hi there, we know the total number of stocks bough is 20, the rate was 31 1/2=63/2, 20*63/2=10*63=630 dollars, the rate they were sold is 35 1/4=141/4 dollars, 5*141=705 dollars, the amount of profit is 20 stocks. So, 705-630=75 dollars. So, the answer is C. You made a profit of $75.00
Answer:
4 years
Step-by-step explanation:
Given data
Simple interest= $400
Principal= $2000
Rate= 5%
The simple interest formula is given as
SI=PRT/100
substitute and solve for T
400=2000*5*T/100
cross multiply
400*100= 10000*T
40000=10000T
T= 40000/10000
T= 4 years
Hence the time taken is 4 years