Answer:
2.9 years
Step-by-step explanation:
When added correctly, you will come to the answer of 959,959.
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The worth of the car after it is paid off 5 years later given the rate of exponential depreciation is $32,842.34.
<h3>What is the worth of the car?</h3>
When the car declines in value, it means that the car is depreciating. The formula that can be used to determine the value of the car with the depreciationn rate is:
FV = P (1 - r)^n
- FV = Future value
- P = Present value
- R = rate of decline
- N = number of years
$42,000 x (1 - 0.048)^5 = $32,842.34
To learn more about future value, please check: brainly.com/question/18760477
This is the answer 104.4285714285714
Answer: 14
Step-by-step explanation:
Okay so it asks in all, which means morning distance + afternoon distance
We got the afternoon distance so now we have to find the morning one
it says the afternoon distance (6), is 25% less than the morning distance.
Which means the afternoon distance is 0.75 of the morning distance.
so 0.75x = 6, x = 6/0.75 = 8
Then you add 8 to 6 to get 14
