Mar 17, 9:58:48 PM O Watch help video A new car is purchased for 2030o dollars. The value of the car depreciates at 8.75% per year. What will the value of the car be, to the nearest cent, after 12 years? Answer: Submit Answer

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Q: 1. Kevin invests $725 at 5.2%/a simple interest. What is the total amount in Kevin's account at the…

A: For principal amount P, and simple interest r%/a, the amount after t years         = P(1 + rt/100)

Q: Write an expression that shows the vaule of $3750 after it has grown by 3.8% per year for 9 years?

A: compound interest = A1+R100T

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