Answer:
Amir's car will cost £10348.88 after 23 years.
Step-by-step explanation:
I finally found a UK human!
This is compound interest so you have to find a decimal multiplier and multiply that with £16470 to the power of 23.
The decimal multiplier would be 0.98. This is because you do 100% - 2% as depreciating basically means a decrease, which gives you 98% and then you divide that by 100 to get your decimal multiplier - 0.98.
16470 × 
= £10348.88
I hope that helps you!! ^-^
Consider this option (basic steps are marked).
Answer:
ASA
Step-by-step explanation:
Hope it will help
plz brainlists
Given
Present investment, P = 22000
APR, r = 0.0525
compounding time = 10 years
Future amount, A
A. compounded annually
n=10*1=10
i=r=0.0525
A=P(1+i)^n
=22000(1+0.0525)^10
=36698.11
B. compounded quarterly
n=10*4=40
i=r/4=0.0525/4
A=P(1+i)^n
=22000*(1+0.0525/4)^40
=37063.29
Therefore, by compounding quarterly, she will get, at the end of 10 years investment, an additional amount of
37063.29-36698.11
=$365.18
Explain
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