Solution:
Given:
The value of a car after t - years will depreciate.
Hence, the equation given represents the value after depreciation over t-years.
To get the rate, we compare the equation with the depreciation formula.
Hence,
Therefore, the value of this car is decreasing at a rate of 6%. The purchase price of the car was $16,300.
Is there a piece of paper that comes with the questions? Or do I just pick one? If there is a piece of paper attached, please add it to your question. Thank you!
Answer:
$7075 or 7718
Step-by-step explanation:
91100-6200=84900
84900/11= 7718.18181818 or rounded= 7718
(This is if the december month doesnt count.)
84900/12=7075
(If december is included.)
To determine the minimum of an equation, we derive the <span>equation using differential calculus twice (or simply </span><span>take the second derivative of the function). If the </span><span>second derivative is greater than 0, then it is minimum; </span><span>else, if it is less than 1, the function contains the </span><span>maximum. If the second derivative is zero, then the </span><span>inflection point </span><span>is</span><span> identified.</span>
