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Alex Ar [27]
2 years ago
15

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]2 years ago
8 0

Answer:

$18,720.5

General Formulas and Concepts:

<u>Pre-Algebra</u>

Order of Operations: BPEMDAS

  1. Brackets
  2. Parenthesis
  3. Exponents
  4. Multiplication
  5. Division
  6. Addition
  7. Subtraction
  • Left to Right<u> </u>

<u>Algebra I</u>

Depreciation Formula: A = P(1 - rt)

  • <em>P</em> is principle amount
  • <em>r</em> is rate
  • <em>t</em> is time

Step-by-step explanation:

<u>Step 1: Define</u>

<em>Identify variables</em>

<em>P</em> = 36001

<em>r</em> = 16% = 0.16

<em>t</em> = 3

<u>Step 2: Find Cost</u>

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