A car purchased for $20,000 depreciates annually at a rate of 8%. The value of the car t years after its purchase is given by the expression 20000(0.92)' Which expression represents the monthly depreciated value at the rate at which the car is depreciating? 12t O 20, 000 0.92 2 O 20, 000 (0. 9212) O 20,000 0. 92 O 20,000(0. 9212)124

Mathematics For Machine Technology
8th Edition
ISBN:9781337798310
Author:Peterson, John.
Publisher:Peterson, John.
Chapter24: Percent Practical Applications
Section: Chapter Questions
Problem 33A: The average percent defective product of a manufacturing plant is 1.20%. On a particular day 50...
icon
Related questions
Topic Video
Question
help #12
A car purchased for $20,000 depreciates annually at a rate of 8%. The value of the car t years after its purchase is given by the expression 20000(0.92)
Which expression represents the monthly depreciated value at the rate at which the car is depreciating?
12t
O 20, 000 0.92 12
O 20,000(0. 9212)
O20, 000
0 0
92 12
O 20, 000 (0. 922)1
Previous
Transcribed Image Text:A car purchased for $20,000 depreciates annually at a rate of 8%. The value of the car t years after its purchase is given by the expression 20000(0.92) Which expression represents the monthly depreciated value at the rate at which the car is depreciating? 12t O 20, 000 0.92 12 O 20,000(0. 9212) O20, 000 0 0 92 12 O 20, 000 (0. 922)1 Previous
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Discrete Probability Distributions
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, algebra and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Mathematics For Machine Technology
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College