Answered

Looking for trustworthy answers? Westonci.ca is the ultimate Q&A platform where experts share their knowledge on various topics. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

Manny purchased a new car thos year for 20,500 dollars. The car is expected to depreciate at an annaul rate of 16%. About how much will Manny's car be worth after 6 years ? Round to the nearest dollar. ANSWERS : A)8602 B)7202 C)50,278 D)49,946

Sagot :

apologiabiology
it will loose 16% every year
an easy ways is to do this

percetn meanns parets out of 100 so
16%=16/100=0.16
100-16=84 so
it will be worth 20,500 times 0.84 times 0.84 times 0.84 times 0.84 times 0.84 times 0.84 after six years=7201.61 which is rounded up to 7202

the answer is B 7202






We appreciate your visit. Hopefully, the answers you found were beneficial. Don't hesitate to come back for more information. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.