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3 years ago

The value of a new $5400 sailboat decreases 10% per year. Find its value after 5 years. Round to the nearest penny.

Mathematics

1 answer:

Furkat [3]3 years ago

5 0

Answer:

FV= $3,352.98

Step-by-step explanation:

Giving the following information:

Initial investment (PV)= $5,400

Number of periods (n)= 5 years

Interest rate (i)= 10%

<u>To calculate the future value (FV), we need to use the following formula:</u>

FV= PV / (1 + i)^n

FV= 5,400 / (1.1^5)

FV= $3,352.98

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3 years ago

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2 years ago

A box of donuts containing 6 maple bars, 3 chocolate donuts, and 3 custard filled donuts is sitting on a counter in a work offic

Svetlanka [38]

Probabilities are used to determine the chances of selecting a kind of donut from the box.

The probability that Warren eats a chocolate donut, and then a custard filled donut is 0.068

The given parameters are:

$\mathbf{Bars = 6}$

$\mathbf{Chocolate = 3}$

$\mathbf{Custard= 3}$

The total number of donuts in the box is:

$\mathbf{Total= 6 + 3 + 3}$

$\mathbf{Total= 12}$

The probability of eating a chocolate donut, and then a custard filled donut is calculated using:

$\mathbf{Pr = \frac{Chocolate}{Total}\times \frac{Custard}{Total-1}}$

So, we have:

$\mathbf{Pr = \frac{3}{12}\times \frac{3}{12-1}}$

Simplify

$\mathbf{Pr = \frac{3}{12}\times \frac{3}{11}}$

Multiply

$\mathbf{Pr = \frac{9}{132}}$

Divide

$\mathbf{Pr = 0.068}$

Hence, the probability that Warren eats a chocolate donut, and then a custard filled donut is approximately 0.068