8.5x + 55 = 123
You would use the formula: mx + b = y
The slope is the amount of money each day(mx),and the y-intercept would be the fee(b) and the total cost would be y.
Answer:
Step-by-step explanation:
Probability=(2*2)/(4*5)=1/5=20 %
Answer:
F = $11,421.90
Final value after 5 years F = $11,421.90
Complete question;
You purchased a vehicle for $32,000. It's value will depreciate at a rate of 18.62%. What will it's value be in 5 years, when you finally have it paid off
Step-by-step explanation:
Given;
Initial value P = $32,000
Depreciation rate r = 18.62% = 0.1862
Time t = 5
Final value = F
Using the compound depreciation formula;
F = P(1 - r)^t
Substituting the values;
F = $32,000(1 - 0.1862)^5
F = $11,421.90
Final value F = $11,421.90
