Percentage by which the average value of mid sized car decreases each year = 8%
Retail value of a car today = v dollars
Amount of decrease in the value of the car after 1 year = (8/100) * v
   = 2v/25 dollars
Then
The equation that represents the value of the car after 1 year = v - (2v/25) dollars
   = (25v - 2v)/25 dollars
   = 23v/25 dollars
So following this expression the value of the mid sized car can be easily determined after 1 year. I hope this is the answer you were looking for and the procedure is also clear to you.

5 0

3 years ago

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1. Your average daily balance on your charge card for the month of July is $855.28. If your card carries an annual interest rate

Nat2105 [25]

1. Using "exact" interest, your charge will be
.. I = Prt
.. I = $855.28*0.154*(31/365)
.. I = $11.19

2. It will take 52.01 months to pay off the loan.

3. Your payment on 15,250 for 4 years will be $363.41. The effective interest rate that payment represents on a loan of $15,000 is 7.604%

4. Todd's monthly payments will be $409.06, so his total outlay will be
.. tax+license + down payment + loan repayment
.. = 1200 +1000 +48*409.06
.. ≈ $21,835

4 0

3 years ago

Of all the Sunny Club members in a particular city, 25% prefer swimming on weekends and 75% prefer swimming on weekdays. It is f

baherus [9]

The answer should be d) 40

3 0

3 years ago

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Put the following steps in order for multi step equations

kakasveta [241]

Soil is the thin layer of material covering the earth's surface and is formed from the weathering of rocks. It is made up mainly of mineral particles, organic materials, air, water and living organisms—all of which interact slowly yet constantly. ... Therefore, most living things on land depend on soil for their existence.

5 0

3 years ago