If a car is purchased for $16,000, what is the predicted value of the car in 4 years if it depreciates at a rate of
15% per year? Round to the nearest cent, if necessary. (Hint: The formula for depreciation is p (1-P), where p
is the principal or initial amount, r is the yearly rate of depreciation expressed as a decimal, and is the time in
years.)
A. $6,400.00
B. $8,352.10
C. $15,991.90
D $9.600.00
Answers (2)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “If a car is purchased for $16,000, what is the predicted value of the car in 4 years if it depreciates at a rate of 15% per year? Round to ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Which estimator will consistently have a skewed sampling distribution?
Answers (1)
What are the zeros of the function? f (x) = 2x^3+6x^2-8x -1,2, and 4. -1,0, and 4. -4,0, and 1. -4,1, and 2.
Answers (1)
Annie got 7 flowers and gave 2 to Karen how many does she have left
Answers (2)
use an equation to find the value of k so that the line passes through (k, 4) and (1,0) has a slope of m=-2
Answers (1)
If one number is a multiple of 3 and the other is not, then the sum of these numbers is not a multiple of 3.
Answers (1)
New Questions in Mathematics
Ronna put on a sticker in the shape of a parallelogram. the sticker had a base of 6.5 cm and a height of 10 10.1 centimeters. what is the area of the sticker?
Answers (1)
You are riding your bicycle. It takes you 9min to go 2.5 mi. If you continue traveling at the same rate, how long will it take you to go 7 mi?
Answers (1)
7,272,1320 standard form
Answers (1)
Find the sum of 5m + 3n + p, - 5p + 3n, and 2n - m.
Answers (2)
Marcia buys a dress that is on sale for 15% off it's original price. She uses a store coupon to obtain an additional 10% off the sale price. Marcia pays $91.80 for the dress. What was the original price of the dress?
Answers (1)