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3 years ago

Jay has a car worth $36,001. It is depreciating at a rate of 16% per year. How much will

Mathematics

1 answer:

Damm [24]3 years ago

8 0

Answer:

$18,720.5

General Formulas and Concepts:

Pre-Algebra

Order of Operations: BPEMDAS

Brackets
Parenthesis
Exponents
Multiplication
Division
Addition
Subtraction

Left to Right

Algebra I

Depreciation Formula: A = P(1 - rt)

P is principle amount
r is rate
t is time

Step-by-step explanation:

Step 1: Define

Identify variables

P = 36001

r = 16% = 0.16

t = 3

Step 2: Find Cost

Substitute in variables [Depreciation Formula]: A = 36001(1 - 0.16 · 3)
(Parenthesis) Multiply: A = 36001(1 - 0.48)
(Parenthesis) Subtract: A = 36001(0.52)
Multiply: A = 18720.5

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