Answered step by step
Verified Expert Solution
Question
1 Approved Answer
3.Sam has purchased a $30,000 car for his business. The car depreciates 30% every year. Depreciation means the value of the car goes down
3.Sam has purchased a $30,000 car for his business. The car depreciates 30% every year. Depreciation means the value of the car goes down by that percent each year. What will be the value of the car after the 5th year? Note: The car is 0 years old when purchased so the first year 4.is the second entry in the sequence. Allen is on the football team this year but he has poor time management skills. His mother told him that he is off the team if he fails anything in school. On his first math quiz he eamed a 90. then he earned an 86 and an 82 on his next two quizzes. If his grades continue at this rate, what will his quiz grade be after the 8h quiz? Will he still be on the team?
Step by Step Solution
★★★★★
3.30 Rating (153 Votes )
There are 3 Steps involved in it
Step: 1
3The initial cost of the car is 30000 After a year this depreciates by 30 which means ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started