The value of a car decreases by 5% each year. Sophie bought a car two years ago for £10000. Work out the value now.

Answers

Answer 1

Given:

The value of car before two years = £10000

The value of the car decreases by 5% each year.

To find:

The present value of the car.

Solution:

The exponential decay model for present value is

[tex]y=a\left(1-\dfrac{r}{100}\right)^t[/tex]

Where, a is the initial value, r is the rate of decay and t is time in years.

Putting P=10000, r=5 and t 2, we get

[tex]y=10000\left(1-\dfrac{5}{100}\right)^2[/tex]

[tex]y=10000\left(1-0.05\right)^2[/tex]

[tex]y=10000\left(0.95\right)^2[/tex]

On further simplification, we get

[tex]y=10000(0.95)(0.95)[/tex]

[tex]y=9025[/tex]

Therefore, the present value of the car is £9025.


Related Questions

What is the constant in the
expression below?
15 – 4b
A
B
С

Answers

Answer:

15 is the constant

Step-by-step explanation:

Does not have a variable next to it which means it remains a constant

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Answer:

<

Step-by-step explanation:

If you roll a 6-sided die 6 times, what is the best prediction possible for the number of times you will roll a two?

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Answer:The best prediction is 1/6 of the times or one time of the six that you will roll a two..

This is because without any interference, each of the six numbers of the dice will have same theoretical probability (which is the probability or chances that is expected.

8/x = 32
..................

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Answer:

Step-by-step explanation:

x= 1/4

can someone help me pls );

Answers

Answer:

Hope it helps you,

Step-by-step explanation:

As the figure can be split in to 3 geometric figure,

Rectangle , Triangle and Semi circle ,

So first find the area of these figures then add up them ,

Area of rectangle = Length * width

Length = 20m m  and  width  = 14 mm

hence

Area of rectangle = 20*14  = 280 mm^2

Now ,

Are of  Circle  =  [tex]\\ \pi *d^{2} /4[/tex]

Then Area of semi circle = [tex]\\ \pi *d^{2} /8[/tex]

Hence we have d= 20mm

Putt in semi circle formula we get,

Area of Semi Circle= (3.14)*400/8  = 157 mm^2

Now area of triangle = 1/2 * length*width

length =32-20 = 12 mm

width = 14 mm

putt in the formula we get ,

Area of triangle = 1/2*12*14 = 84 mm^2

Now add these 3 Areas to get total Area,

Total Area = 84+157+280  = 521 mm^2

help me please, i don’t get it loll

Answers

Answer:

subtract to find A

Step-by-step explanation:

You have to subtract and then that number that you get is a

Helppp! 20 points!
Find m m

Answers

Answer:

M∠ABC=58°

Step-by-step explanation:

The sum of Angle ∠ABD and Angle ∠DBC

37°+21°=58°

m stands for the measure of.

The measure of angleABC=37+21=58degrees

Which set of ordered pairs (x, y) could represent a linear function?
A = {(0,-5), (3,-2), (6,0), (9,3)}
B = {(-7,5), (-5,4), (1,1), (5, -1)}
C = {(-7,-4), (0, -1), (4,1), (6,2)}
D = {(-2,3), (0,2), (2,0), (4, -2)}
which on is the right answer?

Answers

Answer:

A.

Step-by-step explanation:

Graphed them

i hope this helps :)

Daysi buys a video game on sale. If the video usually costs $30.00, and it
was on sale for 25% off, how much did Daysi pay?

Answers

Answer:

$22.5

Step-by-step explanation:

The original price is $30 and it's on sale for 25% off.  Since 25% is a quarter of the total price, I divided 30÷4=7.5.  $7.5 is 25% of $30, so 7.5 is the amount taken off the original price.  To find what Daysi paid, I subtracted 30-7.5=22.5.  $22.5 is the result after the 25% off, so Daysi paid $22.5.  

At Burger Haven, 11 of the last 44 customers wanted cheese on their burgers. Considering this data, how many of the next 256 customers would you expect to want cheese?

Answers

Answer:

64

Step-by-step explanation:

11 out of 44 = 25%

11 ÷ 44 = 0.25 = 25%

25% × 256 = 64

Can someone help me very quickly!!!Everything you got on the picture aboveYou don't need to do everything just this what you know​

Answers

2 to the Power of 4

A, L, C

3 to the power of 3

D, J, K

4 to the power of 2

B, G, E

5 to the power of 2

F, I, H

PLS SOMEONE HELP MEEE​

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Answer:  20

Explanation:

Answer:20



Explanation:

i need help please help

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Answer:

x=7

Step-by-step explanation:

5x-6=3x+8

subtract 3x from both sides

2x-6=8

add 6 to both sides

2x=14

divide both sides by 2

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Expand and simplify
(x – 3)(2x - 2)

Answers

Answer:

2x^2 - 8x + 6

Step-by-step explanation:

2x*x+(-3x*2x)+(x*(-2))+6=

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Please answer these three will be forever grateful and will make brainliest

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4) 8 + 2x
5) 16q + 4
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Write the domain AND range of the following graph.

Answers

Answer:

Domain: (-∞,∞), Range: [2,∞)

Find the missing values

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I FOUND THEM THEY ARE HIDING IN THE CLOUDS.

Michelle has 2/3 of her monthly allowance left. She plans to save 1/4 of the money she has left . What fraction of the original allowance does she plan to save

Answers

Answer: The fraction of the original allowance does she plan to save = [tex]\dfrac16[/tex]

Step-by-step explanation:

Let x = original monthly allowance

Monthly allowance left = [tex]\dfrac23x[/tex]

She plans to save = [tex]\dfrac14[/tex] of (Monthly allowance left)

= [tex]\dfrac14\times\dfrac23x[/tex]

[tex]=\dfrac{2}{12}x\\\\=\dfrac{1}{6}x[/tex]

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What is the unit rate of 450 miles in 7 hours?

Answers

Answer:60 mph

Step-by-step explanation:

Answer: 60 mph (miles per hour)

Explain:

You can get the same answer as what it shows from the internet, but a faster way to explain why this is the answer is dividing 420 to 7, and that equals 60 miles per hour. Have a good day!.

Evaluate 3√343 + 3/4 3√-8

Answers

Answer:

5 1/2 is the answer, hope this helps

The Empire State Building in New York City is 1,454 feet tall. The observatory on the 86th floor is 404 feet from the top of the building. How high is the observatory above the ground?

Answers

Answer:

1,050 ft

Step-by-step explanation:

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Answer:

l x w do the the math

Step-by-step explanation:

there

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Step-by-step explanation:

Which is an equation of a direct proportion

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k = y/x OR y = kx

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first one is D and second one is C

A store owner spends 7x + 13 dollars on two orders of boxes of light bulbs, including shipping.

Part A
If she spends 3x + 5 dollars on the first order of light bulbs, which of the following represents how much she spends on the second order?
10x + 18
4x + 8
21x + 65
10x + 8
Part B
If the store owner spent a total of $90 on both orders, how much does a box of light bulbs cost in dollars? Enter the number in the box.

$

Answers

Answer:

Your answer is: X = 11

Your equation: 7x+30=90

If you subtract 7 from 90 you get 77.

If you divide 77 and 7 you get 11.

Step-by-step explanation:

Hope this helped : )

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Answer:

find the cordinates of each letter or number then find witch is greater or less than when your answering it

Step-by-step explanation:

question is in the pic

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Answer:

I would say A.

Step-by-step explanation:

Both of the bakeries' data does seem symmetric, so use the mean.

Hope it is correct!

Answer:

Prolly A

Step-by-step explanation:

so sorry if I'm wrong hope I'm right

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Peter, Bridget and Caroline share some sweets in the ratio 6:3:2. Peter gets 56 more sweets than Caroline. How many sweets are there altogether?

Answers

Answer:

The scale in the ratio given considers the case that there are 9 sweets (2 + 3 + 4), however, to answer our question, we need to scale up the ratio, so that we can work out the share when we have 36 sweets

Step-by-step explanation:

Ratios are a way of displaying the proportional split of a value and they are very similar to fractions. In the example above, we see that for every 2 sweets Amy has, Beth gets 3 and, Colin will get 4. Like fractions, this proportion will stay the same regardless of the scale of the ratio. The scale in the ratio given considers the case that there are 9 sweets (2 + 3 + 4), however, to answer our question, we need to scale up the ratio, so that we can work out the share when we have 36 sweets. So, what scale factor do we need to get it from a total of 9 sweets to a sum of 36 sweets? We know that 9 multiplied by 4 gives us 36, therefore, we can use a scale factor of 4. Remember how whatever is done to the denominator of a fraction has to be done to the numerator? Ratios like to behave the same way, so now that we have scaled up the sum of the ratio, we need to scale up the individual values by 4 – (2x4) : 3x4 : 4x4. Once we work it out we get the new ratio 8:12:16. You can check if you’re right by adding up the new values and you will see that 8 + 12 + 16 = 36, which is the value that the 9 was initially scaled up to. So we now know that when sharing the 36 sweets, Amy will get 8 sweets, Beth will get 12 sweets and Colin will get 16.

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