Suppose you buy a car with a value of $10,750. Each year, the value of your car will depreciate by 5.9%. How much will your car be worth in 10 years?

A. $19,070.76

B. $6,504.50

C. $7,074.39

D. $5,852.01

The population of a town is 17,724 people. Each year, the population increases by 2%. What will the town's population be in 19 years? Round your answer to the nearest whole number.

A. 25,821

B. 566,246

C. 12,074

D. 50, 274

Question

Mathematics

Tramp

22 July, 23:09

Suppose you buy a car with a value of $10,750. Each year, the value of your car will depreciate by 5.9%. How much will your car be worth in 10 years?

A. $19,070.76

B. $6,504.50

C. $7,074.39

D. $5,852.01

The population of a town is 17,724 people. Each year, the population increases by 2%. What will the town's population be in 19 years? Round your answer to the nearest whole number.

A. 25,821

B. 566,246

C. 12,074

D. 50, 274

+3

Answers (1)

Know the Answer?

Oneal · Answer 1

I will get you started.

Car Problem:

10,750 (0.059) = 634.25

Year 1:

10,750 - 634.25 = 10,115.75

The price of the car after year one at 0.059 is $10,115.75.

Continue the same pattern for the remaining 9 years.

Population Problem:

17, 724 (0.02) = 354.48

For Year 1:

17,724 + 354.48 = 18,078.48

Continue the same pattern for the remaining 18 years. Use your calculator.