A new CD player costs 3,000, if the value of the equipment depreciates annually with a geometric progression and the CD player's value in year 4 is 1,500. Calculate the value of the CD player in year 2

Q: In a certain state, it was predicted that next year's sales tax should not change by more than 8% of…

A: maximum change in sales tax for upcoming years = find out 8% of 6% sales tax.

Q: In 1995, there were 315 death sentences rendered by American juries. For the period from 1995…

A: Let after x years American juries render 29 death sentences.  Given that each year the number…

Q: If the price of gasoline increased by 20% one week and then again by 10% the following week by what…

A: Higher gasoline prices(P) raise transportation costs(C) for businesses. Due to increased price(P),…

Q: Find the final amount of money in an account if $9,500 is deposited at 6% interest compounded weekly…

A:

Q: The line graph to the right shows the total points scored by both teams in a championship game from…

A: Given information: The data represents the line graph of the total points scored by both teams in a…

Q: Gary is getting a Wi-Fi hotspot that costs $35 and has a monthly data plan of $20/month. How much…

A: Given query is to find the the total cost of wifi over 2 years .

Q: A certain stock has grown continuously from 1980 to 2015. A $15,000 investment in the stock in 1980…

A: A certain stock has grown continuously from 1980 to 2015. A $15,000 investment in the stock in…

Q: The unadjusted federal minimum wage has been a constant value of $7.25 since 2009. What trend do you…

A: From the plot it is evident that the unadjusted federal minimum wage from 2009 to 2020 had been…

Q: In 1 year, you will be paid $1.Will the PV increase or decrease if the interest rate goes up?

A:

Q: If a household has 3 members, and has an annual income of $100,000, predict this household’s monthly…

A: The data shows the monthly household spending, annual household income and household size.

Q: On September 28, 2012. The Wall Street Journal reported that in the second quarter, the number of…

A: Percentage: In mathematics, a percentage is a number or ratio which is expressed in terms of a…

Q: An car depreciates (decreases in value) by 20% of its value from the previous year. If the car was…

A: Price of the car is decreases by 20% for every year. Therefore r=20% Price of car is $40,000…

Q: A squirrel starts the winter with a full supply of food stored. If, cach week, the squirrel eats 12%…

A: A squirrel starts the winter with a full supply of food stored.every week, the squirrel eats 12% of…

Q: A Tesla Model Xsells for $104,350; if the car depreciates or loses 17% of its value each year. How…

A: Given that the depreciation rate = 17% = 0.17  So the depreciation factor = 1 - 0.17 =0.83  So after…

Q: 20 years as two decades.  Explain why the inflation rate from 1990 to 2010 is not just the sum of…

A: Inflation Rate: The inflation rate is the rate at which the value of the currency falls and the…

Q: In a linear depreciation scheme, a tractor had value $32,000 at the start of the year 2008 and value…

A:

Sequence and Series

A sequence is defined as a collection of things. Series is defined to sum the things one by one in the sequence.  It was invented by German mathematician Carl Friedrich Gauss.