Answer:
A pipe that is less than 8ft could fit in the box
Step-by-step explanation:
400$
Explanation:
In 1992, the price is 28000$ and 9600$ in 1996 so in 4 years the value the car lost is 18400$
Dividing 18400 by 4 years we get 4600 depreciation value per year.
Between 1996 and 1998 there is 2 years
So in 1998 the value of the car will be:
9600 (value in 1996) - 2x4600 = 400$
Answer:
3.2%
Step-by-step explanation:
The computation of the annual rate of interest is shown below:
As we know that
Simple interest = Principal × rate of interest × time period
($1,857.60 - $1,800) = $1,800 × rate of interest × 1
$57.60 = $1,800 × rate of interest × 1
So, the rate of interest is
= $57.60 ÷ $1,800 × 100
= 3.2%
Hence, the rate of interest on annual basis is 3.2%
