The formula for the future value of the account is
A = P(1 + r/n)^(nt)
where you have
A = 19909.20
P = 8975
r = 0.038
t = 21
The resulting equation is not one that can be solved by algebraic means, but we can use a graphing calculator to find n. This graph shows us n = 12, so
the interest compounds monthly.
Answer:
At the end of the 2 year, the book value of the truck is $12,600
Step-by-step explanation:
we know that
<u><em>Double declining balance method</em></u> is a form of an accelerated depreciation method in which the asset value is depreciated at twice the rate it is done in the straight-line method.
Step 1
Determine the straight-line depreciation rate
Divide the total cost by the number of years in the asset's useful life.
Step 2
Then, multiply that number by 2 and that is your Double-Declining Depreciation Rate
-----> is the depreciation for Year 1
Step 3
At the end of the first year, the book value of the truck is
Step 4
For Year 2, we will apply the same formula to the book value of the truck by the end of Year 1
-----> is the depreciation for Year 2
therefore
At the end of the 2 year, the book value of the truck is
306% of 25
= (306/100) * 25
= 3.06 * 25
= 76.5
Answer:
the last one bottom right
Step-by-step explanation:
well, did it in my head, but the idea is to calculate it out
(x-8)*(x-8)=50
is just
x²-16x+64=50
to get the 64 down to just 5, we need to subtract 59, on both sides, leaving us with -9 on the righthand side
Answer:
the number is 4
Step-by-step explanation:
we can write this as
x + 15 = 19
now we transpose
x= 19-15
x= 4
