If depreciation is 7.25% per year, then the common factor is (1-0.0725), or 0.9275.
Thus, the car's value after 5 years will be:
V = $28000(0.9275)^5 = $28000(0.6864) = $19218.86, or (to the nearest dollar) $19218 (answer)
Answer:
551
Step-by-step explanation:
Answer:
1 7/8
Step-by-step explanation:
dont know lol but trust me
Answer:
17.4456 Pretty sure they want you to round up not sure
Step-by-step explanation:
I like to divide by 100 the get the rate for 1% and then multiply by the actual number in your case 9 you can use a calculator for this to make it easy and you can get it pretty simple this usually works for all percent's if you have multiple like 9.74 use the lowest percent .04 that way you can use it to find the rest I hope this helps :) lmk if you want me to explain more
