In the year 2010, a person bought a new car for $26000. For each consecutive year after that, the value of the car depreciated by 10%. How much would the car be worth in the year 2014, to the nearest hundred dollars?

$17,100

Step-by-step explanation:

Set up an equation where y is the worth of the car and t is the number of years since 2010:

y = 26000(0.9)^t

Plug in 4 as t, since it is asking about 2014:

y = 26000(0.9)^t

y = 26000(0.9)^4

y = 17058.6

Round to the nearest hundred dollars:

17058.6

= 17,100

So, the car will be worth approximately $17,100

answer: the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

step-by-step explanation:

the given rate of interest i= 85%

in calculating the monthly payment for a loan with an interest rate compounded monthly, the value of the interest rate per period we use in the formula must be in decimal form.

to convert it in decimal, we divide it by 100, we get

hence, the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

i think it is 70

step-by-step explanation: