Answer: Samira paid $8540 for her car.
Step-by-step explanation:
Let x = Amount paid by Samira for her car.
Given: Depreciation rate = 23%
Worth of car after one year = $ 6575.80
As per given,
x - 23 % of x = 6575.80
⇒ x - 0.23x = 6575.80
⇒ 0.77x= 6575.80
⇒ x= $8540 [Divide both sides by 0.77]
Hence, Samira paid $8540 for her car.
by solving the first equation you'll get x= -24/13
if you solve the second option (B) then you'll the same result i.e x=-24/13
so option C is correct
Answer:
The interest rate of Jess's account was 7%
Step-by-step explanation:
A = P * (1 + rt)
A = final amount
P = initial principal balance
r = annual interest rate
t = time (in years)
Replacing with the values we know:
A = P * (1 + rt)
8,150 = 5,000 * (1 + r * 9)
8,150/5,000 = 1 + 9r
1.63 = 1 + 9r
1.63 - 1 = 9r
0.63 = 9r
r = 063/9
r = 0.07 = 7%
The interest rate of Jess's account was 7%
The answer is amortization
