Answer:
After 7.40 years it will be worth less than 21500
Step-by-step explanation:
This problem is solved using a compound interest function.
This function has the following formula:
Where:
P is the initial price = $ 34,000
n is the depreciation rate = 0.06
t is the elapsed time
The equation that models this situation is:
Now we want to know after how many years the car is worth less than $ 21500.
Then we do y = $ 21,500. and we clear t.
After 7.40 years it will be worth less than 21500
Answer:
Sales tax is $4.20
Step-by-step explanation:
70*6/100=4.2
20 thousands would be 200 hundreds
Start the equation by putting the equations equal to each other 3x+14=7x-10
Next +10 on both sides
3x+14=7x-10
+10 +10
You are left with 3x+24=7x
because the 10's canceled each other out.
Next -3x on both sides
3x+24=7x
-3x +3x
You are left with 24= 10x
because like before the 3's canceled each other out
Now you will divide both sides by 10
24=10x
---- -----
10 10
2.4= X is the answer!
Just divide 36 by 48, and you will get that he made 75% of his free throws.
