We have been given that Jackson purchases a new car for $48,000. The car's value can be modeled by the following exponential function: 
where y represents the car's value and t represents time in years. We are asked to find the decay rate as a percentage.
We know that an exponential decay function is in form 
, where,
y = Final value,
a = Initial value,
r = Decay rate in decimal form,
x = time.
Upon comparing our given function with standard decay function , we can see that 
.
Let us solve for r.
Let us convert 0.24 into percentage.
Therefore, the decay rate is 24%.
Answer:
22-9=16
so,
22-9
is 16
then you would take
16=16
so, you would have to divide the 2 numbers
then 1 is your answer
Step-by-step explanation:
The early withdrawal fee on this account is $6.25
Step-by-step explanation:
Suppose you buy a CD for $1000
- It earns 2.5% APR and is compounded quarterly
- The CD matures in 5 years
- Assume that if funds are withdrawn before the CD matures, the early withdrawal fee is 3 months' interest
We need to find the early withdrawal fee on this account
∵ The annual interest is 2.5%
- Change it to decimal
∵ 2.5% = 2.5 ÷ 100 = 0.025
∴ The annual interest rate is 0.025
∵ The interest is compounded quarterly
∴ The interest rate per quarter = 0.025 ÷ 4 = 0.00625
∵ The early withdrawal fee is 3 months' interest
∵ You buy the CD for $1000
∵ A quarter year = 3 months
∴ The early withdrawal fee = 1000 × 0.00625 = $6.25
The early withdrawal fee on this account is $6.25
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Answer:
Kayla = $20.14
Michael = $19.08
The Difference = 1.06
Step-by-step explanation:
<em><u>How to solve.</u></em>
First, you need to add up how much Kayla is paying for the video game, plus the 6% tax.
19.00 + 6% = 20.14
Then, you need to do the same with Michael's.
18.00 + 6% = 19.00
To find the difference between how much Kayla and Michael paid for their items, you need to subtract their total.
20.14 - 19.00 = 1.06
and the nearest cent would be 1.10.
<u><em>I hope this helped</em></u>.<em><u>!</u></em>
