Register
FINANCE which of the rates 5% p.a, 6% p.a, 7% p.a or 8% p.a. would cause a car valued $6000 to drop in value to $4826 in 3 years? pls show full working out ty :)
130k views
2 votes
FINANCE

which of the rates 5% p.a, 6% p.a, 7% p.a or 8% p.a. would cause a car valued $6000 to drop in value to $4826 in 3 years?


pls show full working out ty :)

User Costas
by
5.7k points

1 Answer

0 votes
4826=6000(1-.07)^3 the answer is 7%
User Goni
by
6.0k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.8m questions

7.6m answers

Other Questions

Solve for y in terms of x. 2/3y - 4 = x y = x + 6 y = -x + 4 y = -x + 6 y = x + 4
Aliyah has $24 to spend on seven pencils. After buying them she had $10. How much did each pencil cost?
Evaluate a + b when a = –16.2 and b = –11.4 A. –27.6 B. –4.8 C. 4.8 D. 27.6
What is the value of x? (-4) - x = 5
Find the quotient of 3,078 ÷ 27. A) 104 B) 109 C) 114 D) 119
Link Copied!