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lordicy
29.01.2020 •
Mathematics
Alfred purchased a certain model of car for $26,000 that is known to depreciate 15% annually. what will the value of the car be in 7 years? when will the value of the car be approximately $13,572?
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Ответ:
$8,335.
4 years.
Step-by-step explanation:
There are two ways to find the future value of a car that depreciates.
The first way to find the value is to use the annual depreciation formula![FV = PV(1+\dfrac{r}{100} )^n](/tpl/images/0483/4663/3911b.png)
Let's break down the variables and value that we already have available.
FV = ?
PV = 26,000
r = -15% (We change this to negative because the value is depreciating)
n = 7
Now let's use the formula and substitute all the variables and values that we have.
So after 7 years the value will be $8335.00.
Another way is to use a balance sheet to see how much the value will go down.
Please refer to the attached image.
Ответ:
74.5%
Step-by-step explanation:
The total number of people sampled is 1000 people.
There are 745 people who where corrective lenses.
Percent is (part)/(whole); in this case, the part is 745 and the whole is 1000, so:
745/1000 = 74.5%
Thus, the answer is 74.5%.
Hope this helps!