Mathematics: A car purchased for $18,000 depreciates annually at a rate of 5%. What will be the approximate value of the car in the 10th year?

the exponential expression to find the value of the cd, in dollars, after t years will be: [tex]a= 1500(1.0231)^t[/tex]step-by-step explanation: formula of compound interest: [tex]a=p(1+rac{r}{n})^n^t[/tex] , where [tex]a=[/tex] final value after [tex]t[/tex] years, [tex]p=[/tex] initial value, [tex]r=[/tex] rate of interest in decimal and [tex]n=[/tex] number of compounding in a year.oliver plans to purchase a $1,500 certificate of deposit (cd) at his bank. that means, [tex]p= 1500[/tex]the cd...

A car purchased for $18,000 depreciates annually

Ответ:

punani

01.04.2021

Mathematics

I answered already but, here:

Step-by-step explanation:

$18,000 x 5% = 900 x 10 years = $9000

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Ответ:

gabrielpoyer37

13.01.2023

Mathematics

the exponential expression to find the value of the cd, in dollars, after t years will be: $a= 1500(1.0231)^t$

step-by-step explanation:

formula of compound interest: $a=p(1+\frac{r}{n})^n^t$ , where $a=$ final value after $t$ years, $p=$ initial value, $r=$ rate of interest in decimal and $n=$ number of compounding in a year.