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Description: aspx?homeworkld=605992762&questionld=3&flushedDMAT 143 Fall 2021E Homework: Homework 6.3Question 5, 6.3.A new car worth $24,000 is depreciating in value by $3,000 per year. After how many years will the car's value be $3,000?After years, the car's v

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Algebra

5, 6. A new car worth $24,000 is depreciating in value by $3,000 per year. After how many years will the car's value be $3,000? ..... After years, the car's value will be $3,000.

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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Concept explainers

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.

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Sebastian is going to deposit $790 in an account that earns 6.8% interest compounded annually. His wife Yolanda will deposit $815 in an account that earns 7.2% simple interest each year. They deposit the money on the same day and make no additional deposits or withdrawals for the accounts. Which statement is true concerning Sebastian's and Yolanda's account balances after 3 years? F Sebastian's account will have about $14.67 less than Yolanda's account. G Sebastian's account will have about $9.78 less than Yolanda's account. H Yolanda's account will have about $14.67 less than Sebastian's account. J Yolanda's account will have about $9.78 less than Sebastian's account.
Number 6
Example 16. Mr X saved Rs. 18500 in 10 years. In each year after the first he saved Rs. 200 more than he did in the preceding year. How much did he save in the first year.
the accumulated amount is $280. O b. The simple mterest is $105, the accumulated amount is $255. Oc The smple interest is $100, the accumulated amount is $300. Od. The simple mterest is $95, the accumulated amount is $265. QUESTION 3 Find the accumulated amount at the end of 6 months on an $400 deposit in the bank paying simple interest at the rate of 3% year. O a. The accumulated amount is $406. O b. The accumulated amount is $413. Oc. The accumulated amount is $418. O d. The accumulated amount is $411. O e. The accumulated amount is $416. QUESTION 4 Carlos mvested $7,000 in a money market mutual fund that pav: mterest on a daily basis. The balance in his aecount at the end of 8 mo (2 which Carlos's account earned interest over this period (assume a 365-day year). Oa. 6.18 %. Ob.6.389%6. O9.34%. 00.9.24%.
3. The value of a car depreciates by 30% each year. If the car was purchased for $25 000, what will the value of the car be in 4 years? You must include an equation with your solution.
What sum must be loaned at 8 percent simple interest to earn $350 in 4 years? (2) How long will it take $800 to yield $72 in simple Ans . $1093.75
After a month of saving your allowance, you accumulated 10,000 in your account. You want to make more of this money and you just heard from your friends about “investing”. So you posted on your Facebook that you are looking for something you can invest your money. Two of your friends commented. One friend says, “Invest to me and after one month, your money will increase by 20% every 10 days.” Another friend of yours says, “Invest to me and your money will increase by 30% every 15 days for a month.” To whom you will invest?math
7 1/2% of $800 is $?
SOLVE COMPLETELY. SHOW THE STEP-BY-STEP SOLUTION
3. Suppose that there are two bank accounts, each earning 2% interest, compounded contin- uously. You invest $10 in one account and $5000 in the other. Write 2-3 sentences about how much time it will take each account to double in value.