Answered

IDNLearn.com: Where your questions meet expert answers and community support. Get comprehensive answers to all your questions from our network of experienced experts.

A new car sells for $25,000. The value of the car decreases by 15% each year. What is the approximate value of the car 5 years after it is purchased? 25,000 (1 minus 0.15) Superscript 5, or approximately $11,093 25,000 minus 1500 (5), or approximately $17,500 25,000 (0.15) Superscript 5, or approximately $18,984 25,000 minus left-bracket (100 minus 15) (5) Right-bracket, or approximately $24,575

Sagot :

Adioabiolaidn

Answer:

A. 25,000 (1 minus 0.15) Superscript 5, or approximately $11,093

Step-by-step explanation:

A. 25,000 (1 minus 0.15) Superscript 5, or approximately $11,093

B. 25,000 minus 1500 (5), or approximately $17,500

C. 25,000 (0.15) Superscript 5, or approximately $18,984

D. 25,000 minus left-bracket (100 minus 15) (5) Right-bracket, or approximately $24,575

Value of the car = $25,000

Percentage decrease per year = 15%

Value after 5 years

Total percentage value of the car = 100%

Percentage value remaining each year = (100% - 15%)

= (1 - 0.15)

Decrease of the car in the next 5 years = $25,000(1 - 0.15)^5

= $25,000(0.85)^5

= $25,000(0.4437053125)

= $11,092.6328125

Approximately = $11.093

Value of the car in the next 5 years = $25,000 - $11,093

= $13,907

Korokidn

Answer:

It's A, $11,093

Step-by-step explanation:

Took the test on Edge

Thank you for joining our conversation. Don't hesitate to return anytime to find answers to your questions. Let's continue sharing knowledge and experiences! IDNLearn.com is your source for precise answers. Thank you for visiting, and we look forward to helping you again soon.