Answer:
If you are on a budget it depends if you want to purchase $50 or another amount, while if you want to fill up the gas tank it depends on the cars' capacity. Some cars can take up to 11 gallons of gas, so if wanting to fill up the tank you would need to spend $33.
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The amount of gas you purchase at $3.00 per gallon depends on personal budget, distance of commute, and the efficiency of your vehicle. Changes in supply and demand for crude oil may also affect these decisions.
The determination of how much gas you purchase when the price is $3.00 per gallon depends on several factors. Personal budget makes a significant impact. If you have a limited budget, you might opt to purchase less gas, or drive less frequently.
The distance of your commute also plays a role. Longer commutes generally require more gasoline, leading to higher fuel expenses. On the other hand, if your commute is short or you use public transportation, you'll likely buy less gas.
Another influential factor is the efficiency of your vehicle. Cars that consume less fuel per mile will use less gas, which in turn, mean less trips to the gas station. Furthermore, a general increase in gasoline supply or decrease in the demand for crude oil, like in the summer months, could also affect your gasoline purchase decision.
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The age of the car that Devon purchased is given by: Option C: 5 years
If the initial amount (also called as principal amount) is P, and the interest rate is R% per unit time, and it is left for T unit of time for that compound interest, then the interest amount earned is given by:
The final amount becomes:
We can use compound interest's formula (with a bit modification if necessary) whenever there is compounding on a base amount on some fixed rate for some time.
For this case, there is decrement happening, so rate can be taken negative. Thus, we take:
R = -35%
Let the car is T years old.
Then, as we have: Initial price of the car = P = $16000, and the final price of the car = A = $2000, thus, we get:
Thus, the age of the car that Devon purchased is given by: Option C: 5 years
Learn more about compound interest here:
Answer:
C 5 years
Step-by-step explanation: