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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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3 years ago

78/25 as a terminating decimal

Kazeer [188]

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You have an account with a principal of $200. it pays 8% at the end of every year. calculate the principal at the end of 3 years

Katarina [22]

Simple interest is a method of calculating interest on an amount for n period of time with a rate of interest of r. The principal at the end of 3 years is $248.

<h3>What is simple interest?</h3>

Simple interest is a method of calculating interest on an amount for n period of time with a rate of interest of r. It is calculated with the help of the formula,

SI = (P × R × T)/100

where SI is the simple interest, P is the principal amount, R is the rate of interest, and T is the time period.

The principal at the end of 3 years is,

Principal after 3 years = P + (P × R × T)

= $200 + ($200 × 0.08 × 3)

= $200 + $48

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Hence, the principal at the end of 3 years is $248.

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2 years ago

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The two halves of the chord are the same length.

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2 years ago