anonymous
  • anonymous
A car cost $20,000 when it was purchased. The value of the car decreases by 8% each year. Find the rate of decay each month and select the correct answer below. a) -0.006924% b)-0.006667 c)-0.666667% d)-0.6924%
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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schrodinger
  • schrodinger
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anonymous
  • anonymous
Seeking help and guidance. Thanks.
anonymous
  • anonymous
@AravindG
mathmale
  • mathmale
What would happen if y ou were to divide that 8% by 12 (for 12 months)?

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More answers

AravindG
  • AravindG
8% ------Year x% -----------Month Keep in mind 1 year=12 months!
mathmale
  • mathmale
What would the significance of your result be?
anonymous
  • anonymous
So (0.08 / 12)^12?
anonymous
  • anonymous
Never mind, isn't the answer 0.0066666667?
anonymous
  • anonymous
Well, negative.
AravindG
  • AravindG
yEP
anonymous
  • anonymous
Hi, I got the answer wrong. @AravindG Do you know what went wrong?
anonymous
  • anonymous
Did I misunderstand anything?
AravindG
  • AravindG
A bit bsy atm.. Please wait.
anonymous
  • anonymous
No problem. My bad.
AravindG
  • AravindG
-0.666667% looks good. I am also thinking what went wrong.
AravindG
  • AravindG
Are u sure its wrong?
anonymous
  • anonymous
Yea it was. But the explanation you and mathlete gave me made sense, so I don't understand why.
AravindG
  • AravindG
c is more accurate.
AravindG
  • AravindG
b is less accurate
anonymous
  • anonymous
Why is that so?
mathmale
  • mathmale
Why do you consider b to be less accurate? A statement like that should always come with an explanation of the reasoning involved.
AravindG
  • AravindG
@mathmale I'm typing. -0.00666666666 is the exact value Now if you write it as -0.006667 You did a rounding off. Whereas for -0.666667%=.00666667 The rounding is still done but after a few more digits. I hope you understand what I tried to convey @Gold1962
anonymous
  • anonymous
So what you are saying is -0.666667% = .00666667, right? I understand.
AravindG
  • AravindG
I believe so.
anonymous
  • anonymous
I will submit that and let you know if it is correct. Thanks for your time and patience!!
AravindG
  • AravindG
yw :)
anonymous
  • anonymous
It was incorrect. I don't know why.
anonymous
  • anonymous
The answer is either a or d i guess.
AravindG
  • AravindG
Sorry. I have no idea how that could be.

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