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KengaRu [80]
2 years ago
12

Elliot’s dad bought a new car for $31,000 in 2012. Elliot read that a new car loses about 13% of its value each year. What is th

e multiplier for this situation?
PLEASE SHOW ALL WORK!
Mathematics
1 answer:
Colt1911 [192]2 years ago
5 0

The multiplier that would be used to calculate the depreciation of the car is 0.83^y.

<h3>What does depreciation mean?</h3>

Depreciation is when the value of an asset declines due to wear and tear.

The equation that can be used to represent depreciation is:

Value of the asset x (1 - rate of depreciation)^years

$31,000 x 0.83^y.

To learn more about depreciation, please check: brainly.com/question/25552427

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What is the sale tax for a purchase of $2,500 and what is the cost of an item with a sales tax of $108?
Andrews [41]

Answer:

<em>4.32%</em>

Step-by-step explanation:

Step 1:

To solve this, we must know how to find sales tax first. Let's use this equation:

t = p × r

Let t stand for the total amount of sales tax

Let c stand for the purchase

Let r stand for the sales tax rate.

Step 2:

Now, let us plug in what is given. We know that the purchase made cost $2,500:

t = $2,500 x r

Annddd, we also know that the sales tax is $108:

$108 = $2,500 x r

Therefore, our equation is:

$108 = $2,500 x r

Step 3:

We can simplify this to:

$108 = $2,500r

Step 4:

All we need to do is divide each side by 2500 because the goal is get r all by itself

\frac{108}{2500} =\frac{2500r}{2500}

Step 5:

This gives us:

r = 0.0432

Step 6:

We're not done! Since we are dealing with a percentage, we would multiply .0432 by 100% and that gives us our final answer of


4.32% is our sales tax


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3 years ago
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