1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
laila [671]
3 years ago
5

A car is purchased for $21,500. After each year, the resale value decreases by 25%. What will the resale value be after 5 years?

Mathematics
1 answer:
Naya [18.7K]3 years ago
3 0

Answer:

$5,102.05

Step-by-step explanation:

Present value of the car = $21,500

Present percentage value = 100% = 1

Percentage of Depreciation per year = 25% = 0.25

Years of depreciation = 5 years

The value of the car after 5 years = Present value of the car (Present percentage value - Percentage of Depreciation per year)^Years of depreciation

= 21,500(1 - 0.25)^5

= 21,500(0.75)^5

= 21,500(0.2373046875)

= 5,102.05078125

Approximately,

The value of the car after 5 years = $5,102.05

You might be interested in
Find the equation of a line that passes the points (5, -9) and (0, -3)
kobusy [5.1K]

Answer:

y = -6/5x - 3

Step-by-step explanation:

Point Slope Form:  (y - y1) = m(x - x1)

<u>Step 1:  Find Slope</u>

m = \frac{y2-y1}{x2-x1}

m = \frac{-3 - (-9)}{0 - 5}

m = \frac{-3 + 9}{-5}

m = \frac{6}{-5}

m = \frac{-6}{5}

<u>Step 2:  Plug into Point Slope Form</u>

(y - (-3)) = -6/5(x - 0)

y + 3 - 3 = -6/5x - 3

y = -6/5x - 3

Answer:  y = -6/5x - 3

5 0
4 years ago
Read 2 more answers
Robert gets a loan from his bank.
Goryan [66]

Answer:

£10,200

Step-by-step explanation:

Simple interest = principal × rate × time

Principal = £6000

Rate = 7% = 0.07

Time = 10 years

Simple interest = principal × rate × time

= £6000 × 0.07 × 10

= £4,200

Total = simple interest + principal

= £4,200 + £6,000

= £10,200

He would have to pay back a total of £10,200 in 10 years

5 0
3 years ago
The curve with equation y2 = x3 + 3x2 is called the tschirnhausen cubic. find an equation of the tangent line to this curve at t
MAVERICK [17]
First find the slope, take derivative of both sides with respect to x.  
2y dy/dx=3x^2+6x
solve for dy/dx
dy/dx=[3x^2+6x]/2y
plug in given vales of (1,2(
dy/dx=9/4

now you have everything you need to plug into point slope form
y-2=(9/4)(x-1)
answer is y=(9/4)x+(1/4)
5 0
3 years ago
Find the radius of a circle in which an inscribed square has a side of 8 inches
pishuonlain [190]
I hope this help you I gess 16
6 0
4 years ago
Lin and Andre start walking toward each other at the same time from opposite ends of a 22 mile walking trail. I am to lazy to ty
notka56 [123]

Answer:

2 hours- 5 miles, 6 miles, 13 miles

3 Hours- 7.5, 9, 9.5

4 hours- 10, 12, 6

Step-by-step explanation:

I think it might be wrong but I did my best sorry!

4 0
3 years ago
Read 2 more answers
Other questions:
  • The sum of three numbers is 12. The sum of twice the first​ number, 5 times the second​ number, and 6 times the third number is
    5·1 answer
  • angelo recently opened a bank account and deposits the same amount each week. After 8 weeks, he deposited $280. He wants to depo
    10·1 answer
  • The mean spent on lottery tickets is normally distributed with a mean of $6.50 and a standard deviation of $2.25. If one custome
    8·1 answer
  • Please help! algebra 2
    5·1 answer
  • HELP ASAP PLEASE! Accounting class! Lorge Corporation has collected the following information after its first year of sales. Sal
    15·1 answer
  • I need this please help me
    7·1 answer
  • It has 5 questions so I'm giving more points ill also mark brainliest (or what ever its called) if its not a random answer :P
    8·2 answers
  • PLEASE, I NEED THIS NOW!!!!
    5·1 answer
  • Can any equation in point-slope form also be written in slope-intercept form?
    10·1 answer
  • Which of the following equations has no solution?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!