A car was purchased for $3,495 and will depreciate 20% of the original price each year.

1 answer:

6 0

Original price: $3,495
Yearly price decrease = 0.2 x 3,495 = $699 per year
Let y be the value of the car and x be the number of years:

y = 3495 - 699x

After 5 years,
y = 3495 - 699(5)
= $0

In order to solve this problem, we set up a linear equation where the variables were the value of the car and the time passed since purchase. The claim that the car will not be anything is true to an extent because its price has dropped to 0 according to our function; however, practically, a car cannot be $0 so it will be worth at least something, however smaller than its original price.

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I need to write an even number between 7 and 16 draw a picture an them write a sentence to explain why it is an even number

serious [3.7K]

An even number is a number that is divisible by 2.
This means that dividing this number by 2 yields no remainder (the remainder is zero).

The even numbers between 7 and 16 are:
8 as 8/2 = 4 and remainder is zero
10 as 10/2 = 5 and remainder is zero
12 as 12/2 = 6 and remainder is zero
14 as 14/2 = 7 and remainder is zero

5 0

2 years ago

Read 2 more answers

Your neighbor had to drop the selling price of her home from $180,000 to $165,000. What percent did the price get lowered? Round

Vikki [24]

You could do 165,000 divided by 180,000. This is 165000/180000, and that will give you the percentage that 165000 is of 180000 in decimal form, which is 0.9167.
Then we round to the nearest tenth, which is 0.92
0.92 as a percentage is 92%.
100% - 92% = 8%
The price of the home dropped by 8%.

8 0

3 years ago

Lisa took out a loan for 5 months and was charged simple interest at an annual rate of 4.8%.

denis-greek [22]

Answer:

<em>Lisa borrowed $8,500</em>

Step-by-step explanation:

<u>Simple Interest </u>

Occurs when the interest is calculated on the original principal of a loan only.

Unlike compound interest where the interest earned in the compounding periods is added to the old principal, simple interest only considers the principal to calculate the interest.

The interest earned is calculated as follows:

I=Prt

Where:

I = Interest

P = initial principal balance

r = interest rate

t = time

Lisa took out a loan for t=5 months and was charged simple interest at an annual rate of r=4.8% = 0.048. She paid interest for I=$170.

We need to convert the time to years (there are 12 months per year):

t = 5 /12 years.

The formula must be solved for P:

$\displaystyle P=\frac{I}{rt}$