1. A man buys a used car for $600 and agrees to pay $100 down and $100 per month plus interest at 6 percent on the outstanding indebtedness until the car paid for. How much will the car cost him? 2. The value of an automobile depreciates at the rate of 15% per year. What will be the value of an automobile 3 years hence which is now purchased for P45,000?

1. A man buys a used car for $600 and agrees to pay $100 down and $100 per month plus interest at 6 percent on the outstanding indebtedness until the car paid for. How much will the car cost him? 2. The value of an automobile depreciates at the rate of 15% per year. What will be the value of an automobile 3 years hence which is now purchased for P45,000?

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Question

1. A man buys a used car for $600 and agrees to pay $100 down and $100 per month plus interest at 6 percent on the outstanding indebtedness until the car paid for. How much will the car cost him?

2. The value of an automobile depreciates at the rate of 15% per year. What will be the value of an automobile 3 years hence which is now purchased for P45,000?

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