The function V(t) = 30000(0.85) value V(t) represents the values v(t) of Nancy's car after t years. What is the depreciation rate of Nancy's car?​

Answers

Answer 1

The depreciation rate of Nancy is 15%.

What is known by depreciation?

Depreciation is the reduction in the value of an asset over time due to wear and tear, obsolescence, or other factors. It is a non-cash expense that is recorded on a company's income statement, which reflects the decrease in the asset's value during its useful life. Depreciation is commonly used in accounting to allocate the cost of an asset over its useful life, and it helps businesses to accurately reflect the true value of their assets on their financial statements.

Define function?

In mathematics, a function is a relation between a set of inputs and a set of possible outputs with the property that each input is related to exactly one output.

The given function V(t) = [tex](30000*0.85)^{t}[/tex]represents the value of Nancy's car after t years.

Depreciation rate is the rate at which the value of an asset decreases over time. In this case, the depreciation rate of Nancy's car is 1 - 0.85 = 0.15 or 15%.

Learn more about depreciation here:

https://brainly.com/question/17827672

#SPJ1


Related Questions

A tile is selected from seven tiles, each labeled with a different letter from the first seven letters of the alphabet. The letter selected will be recorded as the outcome. Consider the following events. Event X: The letter selected comes before "D". Event Y: The letter selected is found in the word "CAGE". Give the outcomes for each of the following events. If there is more than one element in the set, separate them with commas.

(a) Event "X or Y":

(b) Event "X and Y":

(c) The complement of the event X:

EXPLANATION/ANSWER

The sample space is the set of all possible outcomes.

In this case, the sample space is , A, B, C, D, E, F, G.

The event X is "The letter selected is found in the word "BEAD". "

The outcomes in this event are A, B, D, and E.

The event Y is "The letter selected comes after "D". "

The outcomes in this event are E, F, and G.

(a) Event "X or Y"

Outcomes in the event "

X or Y" are any outcomes from event X along with any outcomes from event Y.

So the outcomes in the event "X or Y " are A, B, D, E, F, and G. Event "X or Y": , A, B, D, E, F, G

(b) Event "X and Y"

The outcomes in the event "X and Y" are the outcomes from event X that also occur in event Y.

So the outcome in the event "X and Y" is E. Event "X and Y": E

(c) The complement of the event X

The complement of the event X is the event consisting of all possible outcomes not in the event X.

So the outcomes in the complement of the event X are C, F, and G

The complement of the event X: , C, F, G

(a) Event "X or Y": , A, B, D, E, F, G

(b) Event "X and Y": E

(c) The complement of the event X: , C, F, G

My problem that I am having trouble with:

A number cube with faces labeled 1 to 6 is rolled once.

The number rolled will be recorded as the outcome.

Consider the following events.

Event A: The number rolled is odd.

Event B: The number rolled is less than 4

Give the outcomes for each of the following events.

If there is more than one element in the set, separate them with commas.

(a) Event"A or B":

(b) Event"A and B":

(c) The complement of the event B:

Answers

Event "X or Y": A, B, C, E, G. Event "X and Y": C. The complement of event X: D, E, F, G.

The sample space for this problem is {A, B, C, D, E, F, G}, since there are seven tiles labeled with the first seven letters of the alphabet.

Event X: The letter selected comes before "D". Outcomes in this event are A, B, and C.

Event Y: The letter selected is found in the word "CAGE". Outcomes in this event are A, C, E, and G.

Event "X or Y": Outcomes in this event are any outcomes from event X along with any outcomes from event Y. So the outcomes in the event "X or Y" are A, B, C, E, and G.

Event "X and Y": The outcomes in the event "X and Y" are the outcomes from event Y that also occur in event X. So the only outcome in the event "X and Y" is C.

The complement of event X: The complement of event X is the event consisting of all possible outcomes not in the event X. So the outcomes in the complement of event X are D, E, F, and G.

To know more about complement of event:

https://brainly.com/question/30212841

#SPJ4

--The given question is incomplete, the complete question is given

" A tile is selected from seven tiles, each labeled with a different letter from the first seven letters of the alphabet. The letter selected will be recorded as the outcome. Consider the following events. Event X: The letter selected comes before "D". Event Y: The letter selected is found in the word "CAGE". Give the outcomes for each of the following events. If there is more than one element in the set, separate them with commas.

(a) Event "X or Y":

(b) Event "X and Y":

(c) The complement of the event X: "--

The box plots display measures from data collected when 20 people were asked about their wait time at a drive-thru restaurant window.

A horizontal line starting at 0, with tick marks every one-half unit up to 32. The line is labeled Wait Time In Minutes. The box extends from 10 to 14.5 on the number line. A line in the box is at 12.5. The lines outside the box end at 5 and 20. The graph is titled Fast Chicken.

A horizontal line starting at 0, with tick marks every one-half unit up to 32. The line is labeled Wait Time In Minutes. The box extends from 8.5 to 15.5 on the number line. A line in the box is at 12. The lines outside the box end at 3 and 27. The graph is titled Super Fast Food.

Which drive-thru typically has less wait time, and why?

Fast Chicken, because it has a smaller median
Fast Chicken, because it has a smaller mean
Super Fast Food, because it has a smaller median
Super Fast Food, because it has a smaller mean

Answers

The correct answer is: Fast Chicken, because it has a smaller median.

What is median?

Median is a measure of central tendency that represents the middle value in a dataset when the values are arranged in order of magnitude. To find the median, you need to arrange the values in order from smallest to largest and then find the middle value.

Based on the information provided, the drive-thru restaurant with less wait time is Fast Chicken, as it has a smaller median wait time of 12.5 minutes compared to the median wait time of 12 minutes for Super Fast Food. The mean wait time is not given, and even if it were, the median is a better measure of central tendency to compare in this scenario, as the box plots suggest some potential outliers.

Therefore, the correct answer is: Fast Chicken, because it has a smaller median.

To learn more about median from the given link:

brainly.com/question/28060453

#SPJ1

Consider a sequence whose first five terms are:-1.75, -0.5, 0.75, 2, 3.25
Which explicit function (with domain all integers n ≥ 1) could be used to define and continue this sequence?

Answers

Step-by-step explanation:

+ 1.25

every new term is the previous term + 1.25.

with starting value -1.75

f(n) = 1.25n - 1.75

A tram moved downward 12 meters in 4 seconds at a constant rate. What was the change in the tram's elevation each second?

Answers

Therefore , the solution of the given problem of unitary method comes out to be during the 4-second period, the tram's elevation changed by 3 metres every second.

What is an unitary method?

To complete the assignment, use the iii . -and-true basic technique, the real variables, and any pertinent details gathered from basic and specialised questions. In response, customers might be given another opportunity to sample expression the products. If these changes don't take place, we will miss out on important gains in our knowledge of programmes.

Here,

By dividing the overall elevation change (12 metres) by the total time required (4 seconds),

it is possible to determine the change in the tram's elevation every second. We would then have the average rate of elevation change per second.

=> Elevation change equals 12 metres

=> Total duration: 4 seconds

=>  12 meters / 4 seconds

=> 3 meters/second

As a result, during the 4-second period, the tram's elevation changed by 3 metres every second.

To know more about unitary method  visit:

https://brainly.com/question/28276953

#SPJ1  

of the cartons produced by a company, 3% have a puncture, 6% have a smashed corner, and 1.4% have both a puncture and a smashed corner. find the probability that a randomly selected carton has a puncture or a smashed corner.

Answers

The probability that a randomly selected carton has a puncture or a smashed corner is 0.076, or 7.6%.

What is probability?

Probability is a measure of the likelihood of an event occurring. It is a number between 0 and 1, where 0 means the event is impossible and 1 means the event is certain to happen.

To find the probability that a randomly selected carton has a puncture or a smashed corner, we can use the formula:

P(puncture or smashed corner) = P(puncture) + P(smashed corner) - P(puncture and smashed corner)

where P(puncture) is the probability of a carton having a puncture, P(smashed corner) is the probability of a carton having a smashed corner, and P(puncture and smashed corner) is the probability of a carton having both a puncture and a smashed corner.

Substituting the given probabilities into the formula, we get:

P(puncture or smashed corner) = 0.03 + 0.06 - 0.014

P(puncture or smashed corner) = 0.076

Therefore, the probability that a randomly selected carton has a puncture or a smashed corner is 0.076, or 7.6%.

To learn more about probability from the given link:

https://brainly.com/question/30034780

#SPJ1

Please only do 9,11, and 13! And please help!! 40 points!!!

Answers

9. The volume of the triangular pyramid is given by:

V = (1/3)Bh

Here, B is the base area.

The base is shaped as a right triangle thus, using the Pythagoras Theorem we have:

h = sqrt(26.7² - 11.7²) = 23.274 km

The area if the base is:

B = (1/2)bh = (1/2)(11.7 km)(23.4 km) = 136.89 sq. km

Now, the volume is:

V = (1/3)(136.89)(15) = 2053.35 cubic km

Hence, the volume of the triangular pyramid is 2053.35 cubic km.

9. The volume of the triangular pyramid is 2053.35 cubic km. 11. The area of the shaded portion is 348.19 cubic in 13. The slant height of the cone is 8.53 meters.

What is Pythagoras Theorem?

A fundamental conclusion in geometry relating to the lengths of a right triangle's sides is known as Pythagoras' theorem. According to the theorem, the square of the length of the hypotenuse, the side that faces the right angle, in any right triangle, equals the sum of the squares of the lengths of the other two sides, known as the legs.

9. The volume of the triangular pyramid is given by:

V = (1/3)Bh

Here, B is the base area.

The base is shaped as a right triangle thus, using the Pythagoras Theorem we have:

h = √(26.7² - 11.7²) = 23.274 km

The area if the base is:

B = (1/2)bh = (1/2)(11.7 km)(23.4 km) = 136.89 sq. km

Now, the volume is:

V = (1/3)(136.89)(15) = 2053.35 cubic km

Hence, the volume of the triangular pyramid is 2053.35 cubic km.

11. The volume of a cone is given by:

V = (1/3)πr²h

The dimension of the bigger cone is radius is 9 in, and height 15 in:

V1 = (1/3)π(9 in)²(15 in) = 381.7 cubic in

The dimension of the smaller cone is radius is 4 in, and height 10 in:

V2 = (1/3)π(4 in)²(10 in) = 33.51 cubic in

Now, the area of the shaded portion is:

V1 - V2 = 381.7 - 33.51  = 348.19

13. The volume of a cone is given by:

V = (1/3)πr²h

Substituting the values we have:

542.87 = (1/3)π(6 m)²h

h = 542.87 / [(1/3)π(6 m)²] = 6.05 m

Now, using the Pythagoras Theorem for the slant height we have:

s² = r² + h²

s² = (6 m)² + (6.05 m)²

s² = 72.9

s = √(72.9) = 8.53 m

The slant height of the cone is 8.53 meters.

Learn more about Pythagoras Theorem here:

https://brainly.com/question/21926466

#SPJ1

Other Questions
A bottle of water that is 80F is placed in a cooler full of ice. The temperature of the water decreases by 0. 5F every minute. What is the temperature of the water, in degrees Fahrenheit, after 5 1/2minutes? Express your answer as a decimal The current price of stock in Company XYZ is $45 and no ex-dividend dates are to occur for the next three months. The risk-free rate is 4.00% per year. The standard deviation for the period in question is 0.4. You are a financial advisor and one of your best clients is Mr. John Smith who is a senior-level manager at a Fortune 500 company. A portion of Mr. Smiths incentive compensation is paid in restricted stock in the company he works for which he cannot sell for a period of three years from the date of the award of the shares. Smith has been employed at the company for 35 years and he has been in a senior position for the last 20 years. Mr. Smith has a concentrated equity position in the company owning 1,000,000 shares. More than 80% of his wealth is in the company stock. Assume that due to contractual obligations, he cannot sell his stock over the next three months. Due to his concentrated position, he wants to hedge against the price of XYZ stock falling more than 20%. He can do this by buying put options with a strike price of $36.1. Assume that Mr. Smith does not have the necessary amount of liquid assets (other than his stock which he cannot sell) to be able to purchase these put options so he will have to enter into an equity collar. At what strike price should he strike the corresponding call options?2. If Mr. Smith decides that he can raise enough cash to put up $200,000 to pay for some of the puts, how will it affect the strike price on the call?3. If instead of three months, the restriction on his stock is six months, how will this change the hedge? Solve for the appropriate put and call strikes.4. Using your answers from a) above, assume that after one month, the stock price goes up to $70 and Mr. Smith wants to unwind his hedge. Describe how you would go about terminating this hedge. Determine what it would cost to terminate this hedge.5. Again, using your answers from a) above, if after one month the stock price went down to $28 instead and Mr. Smith wanted to terminate this hedge, what would be the economic repercussions? Calculate this amount.6. As Mr. Smiths financial advisor, would you recommend this strategy to Mr. Smith? Why or why not?7. List down the benefits and advantages of this strategy. adherence to treatment by a patient is affected by: select one: a. financial risk. b. trust in the physician. c. social risk. d. trust in the medication's efficacy. Consider a circle whose equation is x2 + y2 2x 8 = 0. Which statements are true? Select three options. The radius of the circle is 3 units. The center of the circle lies on the x-axis. The center of the circle lies on the y-axis. The standard form of the equation is (x 1) + y = 3. The radius of this circle is the same as the radius of the circle whose equation is x + y = 9. what finally prompted the armistice in the korean war? what were the costs of this war: human, monetary, political? k^2+6k=0 solve the quadratic equation by factoring what drug can be used to control ventricular rate in a patient with atrial fibrillation naplex Hahn Manufacturing is expected to pay a dividend of $1.00 per share at the end of this year. The stock currently sells for $45 per share, and its required rate of return is 11%. The dividend is expect to grow at a constant rate, g, forever. What is Hahn's expected growth rate?a. 8.50%b. 9.50%c.10.00%d. 8.00%e.9.00% when groups become more risk-taking or cautious after discussion has occurred than the initial preferences of group members would indicate, this is called the ________ years are the most important time for humans to develop as moral thinkers. a. elementary school b. middle school c. high school d. college which vlan will be configured by default on a switch where no other custom configuration has been performed Suppose you want to buy a 15-year, $1,000 par value annual bond with an annual coupon rate of 5%, and pays Interest annually. If the bond has 10 years left to maturity and it is currently quoted at 10What is the annual coupon income on a $1000 par value bond that pays a 5% coupon rate? 1. estonia was an independent country until 1939 when stalin and hitler signed the molotov-ribbentrop pact that had a secret clause dividing europe between the two nations. soviet troops soon occupied estonia as a result of this pact. after the soviet troops invaded estonia there was one soviet solider for about how many estonians? group of answer choices 1 soviet solider for every 5 estonian 1 soviet solider for every 18 estonian 1 soviet solider for every 12 estonian 1 soviet solider for every 10 estonian in a(n) , the scale questions are divided into two parts equally and the resulting scores of both parts are correlated against one another. calculate the engery of a photon needed to cause an electron in the 3s orbital to be excited to tthe 3p orbital self-actualizers a. focus mostly on their own goals and tasks. b. focus on their need to have many friends. c. focus on problems outside themselves. d. focus on fulfilling childhood dreams and desires. Show that cosh2xsinh2x=1 2 2 = 1 Differentiate with respect to x e3xx2+1 3 2 + 1 y=secx = sec y=tanx2 = tan 2 Differentiate with respect to x y=ln(x+sinx) = ln ( + sin ) y=cosxx2 = cos 2 Find dydx given siny+x2y3cosx=2y sin + 2 3 cos = 2 Differentiate from first principles y=cosx = cos x3+2x2+3x+4 3 + 2 2 + 3 + 4 Find d2ydx2 2 2 Given 3x36x2+2x1 3 3 6 2 + 2 1 You earn $17.50/hr and work 40 hr/wk. Your deductions are FICA (7.65%), federal tax withholding (12.3%), and state tax withholding (6.2%). Your housing and fixed expenses are 30% of your realized income per month. You want to save 5 months' worth in an emergency fund within a year. How much do you need to save per month to fund the emergency fund? which core value of community psychology concerns interdependence and relationships among persons, and a feeling of belongingness and transcendence? which core value of community psychology concerns interdependence and relationships among persons, and a feeling of belongingness and transcendence? social justice individual wellness collaboration and community strengths sense of community question at position 5 5 TRUE OR FALSECorporate bonds do not have default risk.