Answer:
<u>Equation: V = C * (1 - r)^t</u>
<u>Answer: $ 8,066.37</u>
Step-by-step explanation:
Let's recall that depreciation on a car can be determined by the formula:
V = C * (1 - r)^t , where:
V is the value of the car after t years,
C is the original cost
r is the rate of depreciation
t is the number of years of utilization of the car
Therefore, we have:
V = C * (1-r)^t
V = 15,500 * (1 - 0.07)⁹
V = 8,066.37 (rounding to the next cent)
Answer:
1.4 or in fraction form 7/5
Step-by-step explanation:
Hope this is what you were looking for
Answer:
Step-by-step explanation:
Eliminate the y terms by adding the equations together:
-10y+9x = -9
10y+5x = -5
——————-
14x = -14
x = -1
y = 0
It would be 2/3 because 2 divided by 3 on a calculator is .6667
