Answer:
Option 4
Step-by-step explanation:
=> 
Combining like terms
=> 
=> 
Answer:
<u>Equation: V = C * (1 - r)^t</u>
<u>Answer: $ 8,066.37</u>
Step-by-step explanation:
Let's recall that depreciation on a car can be determined by the formula:
V = C * (1 - r)^t , where:
V is the value of the car after t years,
C is the original cost
r is the rate of depreciation
t is the number of years of utilization of the car
Therefore, we have:
V = C * (1-r)^t
V = 15,500 * (1 - 0.07)⁹
V = 8,066.37 (rounding to the next cent)
Answer:
3/5
Step-by-step explanation:
you need to subtract the two fractions then you can divide them by 2 to make them in their simplest form!
HOPE THIS HELPS!!!
Answer:
5.13%.
Step-by-step explanation:
Amount accumulated in 1 year
= 1600(1 + 0.05/360)^360
= $1682.03
Account's effective annual yield
= 82.03 * 100 / 1600 %
= 5.13%.
