Answer:
$25,695
Step-by-step explanation:
You can calculate the price of the car in 2000 using the formula to calculate the future value:
FV=PV(1+r)^n
FV= future value
PV= Present value: $7,500
i= rate: 5.5%
n= number of years: 2000-1977= 23
FV= 7,500*(1+0.055)^23
FV= 7,500*(1.055)^23
FV= 7,500*3.426
FV= 25,695
According to this, the approximate value of the car at the time of the auction is $25,695.
They are functions because they have the variables
4/12 in simplest form is 1/3
4/12 ÷ 4/4 = 1/3
Answer:
Step-by-step explanation:
