A bus traveled 336 miles in 7 hours. It traveled the same number miles each hour. If the bus continues at the same numder of mil
1 answer:
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Answer:
The value of car after 5 years of exponentially depreciation is $16,213.36
Step-by-step explanation:
The initial amount of the car = i = $24,600
The depreciates rate of interest applied = r = 8%
Let The value of car after n years = A
The number of years = n = 5 years
Now,According to question
The value of car after n years = initial price of car ×
Or, The value of car after 5 years = i ×
Or, $A = $24,600 ×
Or, $A = $24,600 ×
Or, $A = $24,600 × 0.65908
Or, $A = $16,213.36
So, The value of car after 5 years = A = $16,213.36
Hence , The value of car after 5 years of exponentially depreciation is $16,213.36 . Answer
Answer:
The student will have to reimburse 2,991.03 two years later.
Step-by-step explanation:
This is a compound interest problem:
The compound interest formula is given by:
In which A is the amount of money, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per unit t and t is the time the money is invested or borrowed for.
In this problem, we have that:
A is the amount the student will have to reimburse two years later.
P is his loan. so
The bank loans this money at a rate of 9 % capitalized monthly. This means that and
, since the money is compounded monthly, this means, 12 times in a year.
He will have to reimburse two years later, so
The student will have to reimburse 2,991.03 two years later.