Doug purchased land for $8,000 in 1995. The year value of the land depreciated by 4% each year thereafter. Use an exponential function to find the approximate value of the land in 2002.

Answers

Answer 1
Answer:

Answer:

Option C. $6,012

Step-by-step explanation:

we know that

The  formula to calculate the depreciated value  is equal to

V=P(1-r)^(t)

where  

V is the the depreciated value  

P is the original value  

r is the rate of depreciation  in decimal

t is Number of Time Periods  

in this problem we have  

t = 7 years

P = $8,000

r = 0.04

substitute in the formula above

V = 8,000(1-0.04)^(7) = 6,012

Hope this helps :)


Related Questions

THE RATIO JOE`S BLUE BOATS TO GREEN BOATS IS 5:7 JOE HAS 15 BLUE BOATS. HOW MAY GREEN BOAT DOES JOE HAVE?
Maria has five more than twice as many hats as Beth. Together they have 26 hats. How many hats does Maria have?
Walt and Amy each have the same number of pennies. Walt made equal stacks of 10 pennies with none left over. Amy made equal stacks of 8 pennies with none left over. What is the least number of pennies that each person could have? Explain how you found your answer.
Explain how to use proportional reasoning to find 35 percent of 600
2x+y=0 ×-y=6 what is the solution to this system of equations?

What is 1/7 as a decimal

Answers

0.14 would be your answer

1.7=0.14

0.14
In order to do this, simply divide 1/7. This comes out to be 0.142857. Now, simplify this decimal into 0.14. 

Use absolute value to express the distance between 10 and -4

Answers

Absolute value does not include direction, therefore, does not have a negative sign. Always positive.

The distance between 10 and -4 is 14.

I showed why in the attachment below. 

So, since we do not include the sign, your final answer is 14.

Final answer: 14

the ratio of men to women in a certain factory is 3 to 4. there are 198 men. How many workers are there ?

Answers

3 out of 4 would be 75% so by multiplying 198 to .75 would get you 148.5 but you can't have a half of a person so i would say either 148 or 149. Which means the total amount of workers would be 346 or 347.

Sixty five percent of 8th grade class is selling magazines for the class fundraiser. If 112 students are selling magazines how many students are in the 8th grade

Answers

Answer:seven hundred thirty two

Write the numerical expression in words two different ways. 7/ (10-3)

Answers

1) Seven divided by the difference of 10 and 3

2) A fraction where the numerator is seven, and the denominator is the difference of 10 and 3

3) Seven divided by the quantity of 3 subtracted from 10

Kalisha made two dozen large buns. She ate 1/2 of a bun and gave her mother and father one each. How many buns does she have left?

Answers

Well she starts with 24 buns she ate 1/2 half of a bun leaving 23 1/2 buns left then she gave here mother and father a bun each so you do 23 1/2 - 2 which gets you 21 1/2 buns. So the total number of buns that she has left is 21 and 1/2 buns.
Hope i helped:)
21 buns left after Kalisha gave it to her parents. Or you can call it share.