Percentage by which the average value of mid sized car decreases each year = 8%
Retail value of a car today = v dollars
Amount of decrease in the value of the car after 1 year = (8/100) * v
= 2v/25 dollars
Then
The equation that represents the value of the car after 1 year = v - (2v/25) dollars
= (25v - 2v)/25 dollars
= 23v/25 dollars
So following this expression the value of the mid sized car can be easily determined after 1 year. I hope this is the answer you were looking for and the procedure is also clear to you.
Answer:
14th term
Step-by-step explanation:
Answer:
Step-by-step explanation:
we know that
In a parallelogram the diagonals bisect each other
The figure XYZW is a parallelogram
so
VW=VY
VX=VZ
<em>Find the value of b</em>
VW=VY
substitute the given values
solve for b
Find the length of YW
----> by addition segment postulate
substitute the value of b
Y=17400(1+0.025)^8 is your equation and with that you get $21200.21
<span>In order to calculate compounded interest, we use the formula: Final amount = initial amount x (increase rate)^(time periods). We know that the interest rate is 6%, so the factor we multiply by is 1.06. Moreover, the interest is compounded twice per year. This means that there will a total of 2 x 10 = 20 time periods over which the amount is compounded. Therefore, the final amount works out to be: Final amount = 200(1.06)^20, which is equivalent to $641.</span>
