Initial cost = $30,000
Depreciation rate = 2.5%
Depreciation expense per year = 30,000*2.5/100 = $750
In six years,
Depreciation = 6*750 = $4,500
Value of the tractor = Initial cost - Depreciation = $30,000 - $4,500 = $25,500
The slope of the line (m) = 3/1 = 3
and the y intercept is at (0,3) that is y = 3 so b = 3
using the slope intercept form y = mx + b
m = 3 and b = 3
so answer is y = 3x + 3
Answer:
insurance payments every month
What is the 9th term of the geometric sequence 4, -20, 100, ...
<span>First term, a = 4 </span>
<span>common ratio, r = –20 / 4 = –5 </span>
<span>..... ..... ..... ..... = 100 / –20 = –5 </span>
<span>9th term = 4 ( –5 ) ^ ( 9 - 1 ) </span>
<span>..... ...... = 4 ( –5 ) ^ 8 </span>
<span>..... ...... = 4 ( 390,625 ) </span>
<span>..... ...... = 1,562,500 </span>
