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anonymous
 5 years ago
a company had a total debt of $320,000 in 1980. between 1980 and 1987 it was able to reduce its debt 15% each year. approximate the companys debt in 1987 to the nearest 1000
anonymous
 5 years ago
a company had a total debt of $320,000 in 1980. between 1980 and 1987 it was able to reduce its debt 15% each year. approximate the companys debt in 1987 to the nearest 1000

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anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0so in 1981 the debt would have been reduced by 15%....so 85% remains

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0let's say X0 represents the debt in 1980

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0X1 is debt in 1981. debt in 1981 = debt in 1980 reduced by 15% which is just 85% of debt in 1980 > X1 = (X0)*.85

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0so, what would be the debt in 1981?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0i was just having variables stand in for the amounts

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0would it be the same as 1980?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0the company reduces its debt by 15% each year

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0so minus 15% each year?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0so it'd be less than the year before

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0but another way to consider this would be that 85% of the amount remains from before

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0as the final answer? or just what would be the total debt in 1981?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0no, how did you get that?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0i minused 15% the debt from 1980

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0what value did you obtain for 15% of 320,000?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.015% of 320,00 would be: 320,000*.15 = 48,000

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0320,000  48,000 = debt in 1981

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0where did you get 48,000??

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0you lost me. im sorry im horrible at math

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0you need to determine what 15% of the debt in 1980 is. the value if $320,000

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0are you familiar with percentages?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0cool, so in this case, you need to first determine what 15% of 320,000.

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0thats how you got 48,000?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0yeah. 15% is actually the decimal .15

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0yeah, cool, so you just multiply the decimal form with the debt

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0so debt in 1981 would be debt in 1980  15% of the debt in 1980

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0so it would be 15% minus 7 years?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0so here, I want to type out a general plan for how to solve this then step through it with you

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0ugh. okay so i would minus .15 every year with each new debt?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0debt in 1981 = debt in 1980  (.15 * debt in 1980) debt in 1982 = debt in 1981  (.15 * debt in 1981) debt in 1983 = debt in 1982  (.15 * debt in 1982) debt in 1984 = debt in 1983  (.15 * debt in 1983) debt in 1985 = debt in 1984  (.15 * debt in 1984) debt in 1986 = debt in 1985  (.15 * debt in 1985) debt in 1987 = debt in 1986  (.15 * debt in 1986)

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0or debt in 1981 = debt in 1980 * .85

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0okay i dont want to do it that way the .85

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0all right, that would give you less work however...less multiplying and subtracting ;)

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0but that is the general set up

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0i rather the long way so i dont get lost in the middle,

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0yeah once you get it that way, i bet you can find the simpler way

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0do you think you can try to solve it?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0cool, i'll check it for you if you'd like

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0oh please give me 10min.

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0heh, just concentrate on find the debt of one year at a time

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0so how far did you get?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0ok. we can step through this. what is the debt in 1980: 320,000. what is the debt in 1981?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0i did and it keeps going down to 47999 and only going down after the decimal

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0we said 480000 before

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0we said that 48,000 was 15% of 320,000. 48,000 would be the amount that the debt was reduced BY. therefore. 320,000  48,000 is the debt in 1981

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0ok, so that is debt in 1981. we have debt in 1980 was 320,000. debt in 1981 was 272,000. now, what would be the debt in 1982?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0you wold minus .15 from 272000??

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0to determine the debt in 1982. we would take the debt from 1981 (which we found is 272,000 ). so, i think what you're saying is right. find 15% of 272,000. then subtract that amount from 272,000 to find the debt in 1982

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0cool, then you got it

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0so debt in 1982 is 272,000  (15% * 272,000)...drum roll, which is?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0you simply subtracted .15 from 272,000

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0you need to multiply then subtract

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0when i multiply i get 40800

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0ok. now subtract that from 272,000

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0272,000  40,800 is the debt in 1982

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0multiply 231200 * .15

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0solid, and repeat for 1984...

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0seems like you got It, right?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0hey, sorry, did you get the rest?
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