Suppose you buy a car with a value of $9,250. Each year the value of your car will depreciate by 5.1%. How much will your car be worth in 8 years?(1 point)
Responses
$7,933.91
$7,933.91
$7,195.37
$7,195.37
$12,466.89
$12,466.89
$6,085.15
To calculate the depreciation of the car over 8 years, you need to multiply the value of the car by the depreciation rate (1 - 0.051) eight times.
Initial Value of car: $9,250
Depreciation rate: 5.1% or 0.051 in decimal form
Value after 1 year: $9,250 * (1 - 0.051) = $8,790
Value after 2 years: $8,790 * (1 - 0.051) = $8,342.59
Value after 3 years: $8,342.59 * (1 - 0.051) = $7,904.07
Value after 4 years: $7,904.07 * (1 - 0.051) = $7,473.36
Value after 5 years: $7,473.36 * (1 - 0.051) = $7,050.03
Value after 6 years: $7,050.03 * (1 - 0.051) = $6,633.98
Value after 7 years: $6,633.98 * (1 - 0.051) = $6,225.05
Value after 8 years: $6,225.05 * (1 - 0.051) = $5,823.13
So, the car will be worth approximately $5,823.13 in 8 years.
What's the answer
The answer is $5,823.13.
Suppose you buy a car with a value of $9,250. Each year the value of your car will depreciate by 5.1%. How much will your car be worth in 8 years?(1 point)
Responses
$7,933.91
$7,195.37
$12,466.89
$6,085.15
A B C OR D
The answer is A) $7,933.91
The population of a town is 18,922 people. Each year the population increases by 3%. What will the town’s population be in 17 years? Round your answer to the nearest whole number.(1 point)
Responses
2,412,376
2,412,376
11,274
11,274
70,129
70,129
31,275
To calculate the population after 17 years, we need to multiply the current population by the growth rate (1 + 0.03) seventeen times.
Current population: 18,922
Growth rate: 3% or 0.03 in decimal form
Population after 1 year: 18,922 * (1 + 0.03) = 19,448.66 (rounded to 19,449)
Population after 2 years: 19,449 * (1 + 0.03) = 19,973.47 (rounded to 19,973)
Population after 3 years: 19,973 * (1 + 0.03) = 20,504.19 (rounded to 20,504)
Continuing this calculation for 17 years:
Population after 17 years: 18,922 * (1 + 0.03)^17 = 22478.466 (rounded to 22,478)
Therefore, the town's population will be approximately 22,478 in 17 years. Thus, the correct answer is D) 22,478.
A B C OR D WOTH THE OPTIONS I GAVE YOU DUMMY
Apologies for the oversight. Given the options you provided, the answer is C) 11,274.
What is the degree of the monomial?
6x5
(1 point)
Responses
5
5
30
30
11
11
6