rileyallen4186pd5tgy
11.07.2021 •
Mathematics
The value of a car will “depreciate” over time. For example, a car that was worth $24 000 when it was new, is being sold for $13 500 three years later. Determine the annual depreciation rate on this car. Express your final answer as a percent, rounded to one decimal place.
Solved
Show answers
More tips
- W Work and Career Everything You Need to Know About MBA Programs...
- S Sport How to Do Push-ups Correctly?...
- S Style and Beauty How to Grow Hair Faster: Real Methods and Advice...
- F Family and Home How to Remove Fading from Clothes: Tips and Tricks...
- F Food and Cooking How to Make Polendwitsa at Home?...
- F Family and Home Parents or Environment: Who Has the Most Influence on a Child s Upbringing?...
- P Philosophy Unbelievable stories of encounters with otherworldly forces...
- L Leisure and Entertainment How to Choose the Perfect Gift for Men on February 23rd?...
- H Health and Medicine How to Treat Whooping Cough in Children?...
- H Health and Medicine Simple Ways to Lower Cholesterol in the Blood: Tips and Tricks...
Answers on questions: Mathematics
- M Mathematics Question 2 of 10 Evaluate the expression and enter your answer below. 9+(4 + 1)^2 Answer here SUBMIT...
- M Mathematics What is 12 1/2% expressed as a fraction? a. 3/25 b. 1/8 c. 6/25 d. 1/4...
- M Mathematics What shape has 2 fewer sides than a pentagon...
- E English Who tryna zoom and chill and do Homework together...
- C Chemistry Use your periodic table to fill in the missing spaces below....
Ответ:
The car will depreciate at a rate of 21.14% per year.
Step-by-step explanation:
Given that the value of a car will “depreciate” over time, and, for example, a car that was worth $ 24,000 when it was new, is being sold for $ 13,500 three years later, to determine the annual depreciation rate on this car the following calculation must be performed:
13,500 x (1 + X) ^ 1x3 = 24,000
13,500 x (1 + 0.2114) ^ 3 = 24,000
X = 21.14%
Therefore, the car will depreciate at a rate of 21.14% per year.
Ответ:
A
Step-by-step explanation: