The value of a boat is $23,400. It loses 8% of its value every year. Find the approximate monthly percent decrease in value. Round your answer to the nearest hundredth of a percent.

(NOT 67%)

Answers

Answer 1

Final answer:

The approximate monthly percent decrease in value is 0.67%.

Explanation:

To find the approximate monthly percent decrease in value, we need to first calculate the annual percent decrease. We know that the boat loses 8% of its value every year. So, the annual percent decrease is 8%.

To find the monthly percent decrease, we need to divide the annual percent decrease by 12 (since there are 12 months in a year).

Therefore, the approximate monthly percent decrease in value is 0.67%.

Answer 2

Final answer:

The approximate monthly percent decrease in value of the boat that depreciates at 8% annually is 0.65% when rounded to the nearest hundredth of a percent.

Explanation:

To find the monthly percent decrease in value of a boat that costs $23,400 and depreciates 8% annually, we need to calculate the equivalent monthly rate. The formula for monthly depreciation is (1 - (1 - annual depreciation rate)^(1/12)). In this case, the annual depreciation rate is 0.08 for 8%. Applying the formula, we get:

Monthly depreciation = 1 - (1 - 0.08)^(1/12) = 1 - (0.92)^(1/12)
= 1 - (0.92)^(0.08333...)
= 1 - 0.99347... (value calculated using a calculator)
= 0.00653... or 0.653% (after converting to a percentage).

To round to the nearest hundredth of a percent, we get approximately 0.65% monthly depreciation. This is the approximate monthly percent decrease in the boat's value.


Related Questions

last summer Marion was three and a half feet tall she was 4 inches taller than her brother Elijah she was one in a quarter feet shorter than her sister Lori how tall were Elijah and Lori Last Summer

Answers

Let M be Marion, L be Lori and E be Elijah.
M = 3.5 ft.
E = M - 4/12 (since he was 4 inches shorter than Marion) = 3 1/2 - 4/12; find a common denominator (12):  3 6/12 - 4/12 = 3 2/12 = 3 1/6 ft.
L = M + 1.25 (since she was 1 1/4 feet taller than Marion) = 3.5 + 1.25 = 4.75 feet.

Kim rode her bicycle 135 miles in 9 weeks riding the same distance each week. Eric rode his bicycle 102 miles in 6 weeks, riding the same distance each week. Which statement correctly compares the number of miles per week they rode?

A.) Eric rode 2 more miles per week than Kim rode

B.)Kim rode 3 more miles per week than Erick rode

C.) Kim rode 11 more miles per week than Erick rode

D.) Eric rode 17 more miles per week than Kim rode





Answers

The correct answer is @, because Kim rode15 miles per week, and Eric rode 17 per week

Answer:

The answer is the option A

Eric rode [tex]2[/tex] more miles per week than Kim rode

Step-by-step explanation:

Step 1

Find the number of miles that Kim rode per week

Divide the total miles by the total weeks

so

[tex]\frac{135}{9}\frac{miles}{weeks}= 15\frac{miles}{week}[/tex]

Step 2

Find the number of miles that Eric rode per week

Divide the total miles by the total weeks

so

[tex]\frac{102}{6}\frac{miles}{weeks}= 17\frac{miles}{week}[/tex]

Step 3

Compare the unit rates

Kim [tex]15\frac{miles}{week}[/tex]

Eric [tex]17\frac{miles}{week}[/tex]

[tex]17\frac{miles}{week}-15\frac{miles}{week}=2\frac{miles}{week}[/tex]

so

Eric rode [tex]2[/tex] more miles per week than Kim rode

4n-3=-2n+9 What is the value of the variable 'n'?

Answers

4n - 3= -2n + 9
add 3n to both sides

4n= -2n +12
add 2n to both sides

6n= 12
divide both sides by 6

n= 2

Check:
4n-3=-2n+9
4(2)-3= -2(2)+9
8-3= -4+9
5=5


Hope this helps! :)

Using the relation in Part B, what is the value of x if f(x) = 99?

Answers

I hope this answer helps 

)The table below shows a correct representation that 16 pounds (lb) of sugar cost $4: lb lb lb lb lb lb lb lb lb lb lb lb lb lb lb lb $1 $1 $1 $1
true or faulse?

Answers

If 16 pounds (lb) of sugar cost $4, then the cost per pound would be

  $4          
---------- = $0.25 / lb (answer)
 16 lb

Answer:

it is true

Step-by-step explanation:

Choosing a graph to fit a narrative ^^

Answers

For A) It would be the fourth one.
For B) It would be the first one.

The Lee’s spend $31 on movies tickets for 2 adult and 3 children. The Smith’s spent $26 on movie tickets for 2 adults and 2 children. What are the prices for an adult and child movie ticket?

Answers

First we write the variables:
 x: cost of the ticket for adults.
 y: cost of ticket for children.
 We write the system of equations:
 2x + 3y = 31
 2x + 2y = 26
 We solve the system:
 Step 1:
 2x + 3y = 31
 -2x-2y = -26
 Step 2:
 y = 5
 Step 3:
 2x + 3y = 31
 2x = -3y + 31
 x = (- 3y + 31) / 2
 x = (- 3 * (5) +31) / 2
 x = 8
 Answer:
 the prices for an adult and child movie ticket are:
 adults = $ 8
 children = 5 $

In which quadrant is the point (0,7) located? Explain your answer.

Answers

0, 7 is placed in the top middle quadrant because the x value is 0, therefore it does not move left or right, and y is placed up into the middle. Mark Branliest. :-)

xfinity cable charges $60 set up fee and $80 a month for cable. direct tv has. a $160 equipment fee and $79 a month for cable services. How many months will it take before the cost is the same? What is that cost?

Answers

The correct answer is 100 months, 8060$,

To solve this problem, we need to find the point where the total cost of Xfinity cable and Direct TV cable services become equal, and then calculate the corresponding cost at that point.

Given:

- Xfinity cable charges a [tex]$60[/tex] setup fee and [tex]$80[/tex] per month.

- Direct TV charges a [tex]$160[/tex] equipment fee and [tex]$79[/tex] per month.

Let's define the total cost functions for both cable services:

Xfinity cable total cost ([tex]C_x[/tex]) after x months:

[tex]C_x = 60 + 80x[/tex]

Direct TV total cost ([tex]C_d[/tex]) after x months:

[tex]C_d = 160 + 79x[/tex]

To find the point where the total costs are equal, we set the two equations equal to each other and solve for x:

[tex]60 + 80x = 160 + 79x[/tex]

[tex]x = 100[/tex]

Substituting x = 100 into either equation, we can find the total cost at that point:

[tex]C_x = 60 + 80(100) = 8060[/tex]

[tex]C_d = 160 + 79(100) = 8060[/tex]

Therefore, after 100 months, the total cost of both cable services will be the same at [tex]$8060[/tex].

What are the domain and range of the function on the graph

Answers

To find the domain, solve the inequality 4 - x > 0. x < 4. Thus, all numbers less than or equal to 4 represent thedomain for this function. When trying to find the domain and range from a graph, the domain is found by looking at the graph from left to right.

Which statements are correct steps in finding the linear equation of a line that passes through the points (−1, 7) and (2, 4) using the point-slope form method? Select all that apply.

Answers

Answer:

y – 4 = –1 (x – 2)

y – 7 = –1 (x – (–1))

y = –x + 6


Step-by-step explanation:


Final answer:

To find the linear equation using the point-slope form method, determine the slope and substitute the coordinates into the formula.

Explanation:

To find the linear equation of a line that passes through the points (-1, 7) and (2, 4) using the point-slope form method, follow these steps:

Determine the slope using the formula: slope = (y2 - y1) / (x2 - x1)Choose one of the given points and substitute the coordinates into the point-slope formula: y - y1 = m(x - x1)Simplify the equation to get the linear equation in point-slope form

Using these steps, the correct options are:

a. Find the slope using the formula: m = (4 - 7) / (2 - (-1))
b. Substitute the coordinates (2, 4) into the point-slope formula: y - 4 = m(x - 2)

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How many units are between (9,6) and (-16,6)?

Answers

[tex]d= \sqrt{(9-(-16))^2+(6-6)^2}= \sqrt{25^2}=25 [/tex]

25 units

Please help and explain why, so that I understand.

Should the number of people in different cities be represented on a graph as one-dimensional, two-dimensional, or three-dimensional?

A. one-dimensional
B. two-dimensional
C. three-dimensional

Answers

Hello there!

The number of people in different cities should be represented on a graph as Two-dimensional. 

I'll explain why: The number of dimensions you need on a graph is equal to the number of variables that you are studying. In this case, you have two variables in the study:

1)The number of people
2)The city where they live

You'll need a two-dimensional graph with two axes in which one of the axes represents the number of people and the other axis represents the city. If you were also studying the age of those people, you'll need one more dimension to include this new variable. 

Have a nice day!

Mr. Lopez wrote the equation 32g+8g-10g=150 on the board. Four students explained how to solve for g. Alyssa: “I added 32 and 8 to get 40, subtracted 10 to get 30, and then subtracted 30 from 150 to find the value of g, which is 120.” Rahul: “I added 32, 8, and 10 to get 50, and then I subtracted 150 to find the value of g, which is –100.” Toni: “I subtracted 18 from 32 to get 14, which I then divided into 150 to find the value of g, which is ” Wilhem: “I added 32 and 8 to get 40, subtracted 10 to get 30, and then divided both sides by 30 to find the value of g, which is 5.” Which student’s work is correct?

Answers

Answer:

Wilhem

Step-by-step explanation:

The given equation is

[tex]32g+8g-10g=150[/tex]

Step 1 : Add 32g and 8g.

[tex](32g+8g)-10g=150[/tex]

[tex](32+8)g-10g=150[/tex]

[tex]40g-10g=150[/tex]

Step 2: Subtract 10 from 40.

[tex](40-10)g=150[/tex]

[tex]30g=150[/tex]

Step 3: Divide both sides by 30, find the value of g.

[tex]\frac{30g}{30}=\frac{150}{30}[/tex]

[tex]g=5[/tex]

The value of g is 5.

Therefore, Wilhem is correct.

Answer: D

Wilhem

Step-by-step explanation:

Edge2020

What is the area of this figure ?

Answers

 Remember that what you must do for this case is to calculate the area of the parallelogram and add it to the area of the rectangle.
  Palelogram area:
  Knowing the base and the height, the area of the parallelogram is calculated by its formula: 
  A1 = b * h
  We have then
  b = root ((- 4 - (- 10)) ^ 2+ (2-2) ^ 2) = 6
  h = root ((- 7 - (- 7)) ^ 2+ (3-2) ^ 2) = 1
  A1 = (6) * (1) = 6 units ^ 2
  Rectangle area
  A2 = L * W
   We have then:
  L = root ((1 - (- 2)) ^ 2 + (- 3 - (- 4)) ^ 2) = 3.16227766
  W = root ((- 4 - (- 2)) ^ 2+ (2 - (- 4)) ^ 2) = 6.32455532
  A2 = (3.16227766) * (6.32455532)
  A2 = 20 units ^ 2
  The total area is the sum of both ares:
  A = A1 + A2
  A = 6 + 20
  A = 26 units ^ 2
  Answer:
  the area of this figure
  A = 26 units ^ 2


A candidate to the presidency wants to know what percentage of the registered voters in the country would vote for him. So, he gives that task to one of his aides and tells him he has 3 days to come up with the results. Describe a method the aide should use to complete the task in time and which provides meaningful data. Use size of the sample, population of interest, and method of selection to complete your answer.

Answers

The population of interest are those above the voting age (ex. 18, depending on what country this is in). The size of the sample will depend on the population of the country, and the candidate will want to interview more people to get a representative sample if the country has a large population. Finally, for method of selection, a random and wide range of people must be surveyed. Ideally, we would want people from different professions, age groups, political parties, and geographical locations. Since the aide only has 3 days, the most practical decision may be to use online surveys spread around varying interest groups to get a wide range of data quickly.

Answer:

Since the aide has only 3 days to come up with the results So, firstly he will collect the data of those people only who has the right to vote which is called the population of interest.

The size of the sample will depend on the population of the country.

Finally, for method of selection, a random and wide range of people must be surveyed. Ideally, he would want people from different professions, age groups, political parties, and geographical locations.

Since the aide has only 3 days, the most practical decision may be to use online surveys spread around varying interest groups to collect the information in the given short period of time. Because it is very difficult to collect this information in a very short period of time.

Write a short paragraph to answer the following question.

How are these four types of transformation similar to each other? How do they differ? In particular, what is one major difference between dilations and the other three types of transformations?

Answers

The four transformations:
Translation, Rotation, Reflection, and Scaling

Each of these transformations change how or where the shape is. Each of these transformations change the shape or shapes in different ways. Dilations change the size and sometimes even the shape of the shape; translation, rotation, and reflection just move the shape around they don't change the size or shape of it.

Is that what you are looking for? Let me know if there anything more...

Final answer:

Geometric transformations include translations, rotations, reflections, and dilations; while the first three preserve figure size and shape, dilations change the size of the figure by a scale factor.

Explanation:

Geometric transformations include translations, rotations, reflections, and dilations, all of which change a figure's position and/or size on the plane while maintaining the straightness of lines and parallelism where applicable. These transformations are similar in that they can be applied to geometric figures to alter their position or size within a coordinate system. A major difference between dilations and the other transformations is that dilations change the size of the figure but do not preserve angles and lengths in the same way as the others. A dilation either enlarges or shrinks a figure by a scale factor from a central point, while translations, rotations, and reflections do not alter the size of the figure, only its position or orientation.

What is the greatest amount of cups of green ooze any one contestant carried?

Answers

Hey there. In the comments above, let's list these fractions and convert them into decimals for a more simple comprehension level:
0; 1/8; 3/8; 1/2; 5/8; 3/4; 7/8; and 1. The converted list below will correspond with these fractions in order:
0; 0.125; 0.375; 0.5; 0.625; 0.75; 0.875; and 1.00.

Looking at these decimals, 1.00 is the greatest amount as it is the only fraction that converted to a whole number.

I hope this helps!
The fraction with the greatest amount is 1 as it is 1 whole. Therefore makeing it he largest!

In order from greatest to least:

1.

7/8 ; 0.875

3/4 ; 0.75

1/2 ; 0.5

5/8 ; 0.625

1/4 ; 0.25

3/8 ; 0.375

1/8 ; 0.125

0.

I hope this helps!
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Please mark as Brainliest!

Have a wonderful day! : )

Calculate the resistance of a piece of aluminum wire with a diameter of 100 mils and a length of two miles, at 68°F. Hint: Be sure to first convert mils to cmils and use the K value for aluminum found in the reference. (Round the FINAL answer to two decimal places.)

Answers

Final answer:

The resistance of the aluminum wire with a diameter of 100 mils and a length of two miles is 0.20 ohms.

Explanation:

To calculate the resistance of a piece of aluminum wire, we first need to convert the diameter from mils to cmils. 1 mil is equal to 1000 cmils. So, a diameter of 100 mils is equal to 100,000 cmils. Next, we need to use the K value for aluminum, which is 1.82 ohms * cmil/ft. We convert the length of the wire from miles to feet, which gives us 10560 feet. Now, we can calculate the resistance using the formula:

Resistance = (K * Length) / Area

Where K is the conductivity of aluminum, Length is the length of the wire in feet, and Area is the cross-sectional area of the wire in cmils. Plugging in the values, we get:

Resistance = (1.82 * 10560) / 100000 = 0.1957 ohms

Therefore, the resistance of the aluminum wire is 0.20 ohms.

The resistance of the aluminum wire with a diameter of 100 mils and a length of two miles, at 68°F, is 0.0002784 ohms.

To calculate the resistance of the aluminum wire, we need to convert the diameter from mils to cmils. 1 mil is equal to 1000 cmils.

So, the diameter of the wire in cmils would be 100 * 1000 = 100,000 cmils.

Next, we need to use the K value for aluminum, which is 2.65 micro-ohm cmil/foot. We need to convert the length of the wire from miles to feet. 1 mile is equal to 5280 feet.

So, the length of the wire in feet would be 2 * 5280 = 10,560 feet.

Now, we can calculate the resistance using the formula R = (K * L) / A, where R is the resistance, K is the K value for aluminum, L is the length of the wire in feet, and A is the cross-sectional area of the wire in cmils.

Plugging in the values, we get R = (2.65 * 10^(-6) * 10560) / 100000 = 0.0002784 ohms.

Find the area to the right of a z score of 2.75 under a standard normal distribution curve

Answers

It is about 0.298% as calculated by my TI-83/84 work-alike.

What is the range of the function represented by the table?
A {2, 4, 6, 8, 10}

B {2.5, 5.0, 7.5, 10.0, 12.5}

C {2, 2.5, 4, 5.0, 6, 7.5, 8, 10, 12.5}

D {0.0, 0.5}

Answers

Answer:

{2.5, 5.0, 7.5, 10.0, 12.5}

Step-by-step explanation:

Which of the following graphs shows the value of the antique clock, y, in dollars, after x years?

Answers

There is no attachment.

To build a desktop you put 2 boards together . One board is 1/3 inch thick, and the other is 1/2 inch thick . How thick will the desktop be?

Answers

The answer is 5/6 inches thick

Write 3.35 as a mixed number

Answers

3.35 = 3 and 7/20.
As a mixed fraction, that is 63/20. Hope it helps! :)

A right rectangular prism has a length of 6 inches, a width of 9 inches, and a height of 10 inches. What is the surface area of the prism? Enter your answer in the box. in²

Answers

the
Answer=408in2
hoped i helped




Answer:

A=408in²

Step-by-step explanation:

A=2(wl+hl+hw)=2·(9·6+10·6+10·9)=408in²

Describe a real-world situation that the graph could represent

Answers

Every 1 bag of jelly beans is 5 dollars.Hope it helps :)

Write 4.4 as a reduced mixed number

Answers

it equals 4 4/10 which can be reduced to 4 2/5

A paper cup is dropped and its landing position is recorded. The cup can land on the side, on the open end, or on the closed end. The results of 20 trials are shown in the table below: A chart shows tally marks. Main title for the chart is Paper Cup Experiment. The title for the second column is Number of times occurred. The tally mark corresponding to open shows a set of 4 vertical lines cut by a slanting line and a set of 3 vertical lines. The tally mark corresponding to closed shows a set of 4 vertical lines. The tally mark corresponding to side shows a set of 4 vertical lines cut by a slanting line and a set of 3 vertical lines. Based on the table, which of the following best compares the experimental probability of the cup landing on its open end with the experimental probability of the cup landing on its closed end?

Answers

Hello,

In the table there are 8 tally marks for the cup landing on the open end. Therefore, we could say that the experimental probability of the cup landing on the open end is 8 out 20.

We can write this as the fraction 8/20 or as 40%.

Best of luck,
MrEQ

Which percents would be close to 7%? 4.8% 5.2%. 6.8%. 5.5%

Answers

6.8% because when you round it up, it would equal 7%

(80 POINTS)
For each pair of shapes, decide whether they are congruent, similar, or neither. Choose the best answer.

Answers

Hi, 

The first pair are congruent. 
The second are congruent. 
The third are congruent. 
The fourth are similar. 
The fifth are congruent. 

Hope this helps!

The first figure is congruent by SSS congruency.

The second figure is congruent by ASA congruency.

The third figure is congruent by SAS congruency.

The fourth figure is Similar.

The fifth figure is congruent by ASA congruency.

What is mean by Triangle?

A triangle is a three sided polygon, which has three vertices and three angles which has the sum 180 degrees.

By first figure,

In both triangles, All sides are equal to each other.

Hence, The first figure is congruent by SSS congruency.

By second figure,

In both triangles, One side and two angles are equal to each other.

Hence, The second figure is congruent by ASA congruency.

By third figure,

In both triangles, Two sides and One angle are equal to each other.

Hence, The third figure is congruent by SAS congruency.

By fourth figure,

In both triangles, Ratio of there corresponding sides are equal as;

⇒ 2 : 4 = 5 : 10

⇒ 1 : 2 = 1 : 2

Thus, The fourth figure is Similar.

By fifth figure,

In both triangles, Two angles and One side are equal to each other.

Hence, The fifth figure is congruent by ASA congruency.

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Find the first four terms of this geometric sequence a1 = 5 And r = 6 Trickery and unfair practices are referred to as _____.chicaneryidealismrealism The sum of 1 and x less less than 5. the length of a rectangular prism is 4 feet, and the width is 3 feet. The volume of the prism is 9 cubic feet. In inches, what is the height of the prism?A)6 inchesB)8 inchesC)9 inchesD)10 inches In adding 4/5 + 18/100 the least common denominator is: Which example shows the REFORM component of FDRs New Deal?Question 1 options:the Securities and Exchange Commission(SEC)to prevent another stock market crash by more government control/regulation in stock transactions.Public Works Administration(PWA)created jobs for projects like building roads, bridges, and damsthe Federal Deposit Insurance Corporation(FDIC)regain public confidence in bank by insuring individual bank accounts up to $5000.all of these(i know its not all of these) Based on the part of the letter that you just read, what does Abigail believe about what is happening in the colonies?A The dispute between the colonies and Britain is almost over.B The colonies should support British laws and taxes.C The problems between Britain and the colonies are just beginning. In general members of the house seek committee assignments that will The equation below shows the total volume (V), in cubic units, of 5 identical boxes with each side equal to s units: V = 5s3 If s = 1.4 units, what is the value of V? 13.72 cubic units 19.21 cubic units 21 cubic units 25 cubic units Find the locus of the point (x,y) which is a distance 3 from the point (-2, 1) The rate constant is found to be 3.9 x 10-5 M-1 s-1. Calculate the rate of formation of ozone when the concentration of oxygen atoms is 3.0 x 10-14 molar and the concentration of diatomic oxygen is 1.3 x 10-14 molar. Two chemicals a and b are combined to form a chemicalc. the rate, or velocity, of the reaction is proportional to the product of the instantaneous amounts of a and b not converted to chemicalc. initially, there are 100 grams of a and 50 grams of b, and for each gram of b, 2 grams of a is used. it is observed that 15 grams of c is formed in 10 minutes. how much is formed in 40 minutes? (round your answer to one decimal place.) grams Four bottles of powerade cost $3.88. Find the unit price of each bottle Which Number produces a rational number when added to 0.25 Upon inauguration in 1933, President Franklin Roosevelt attempted to: A.blame foreign leaders for the economic crisis. B.lay out his policies in exact detail. C.calm the fears of the public. D.reduce expectations for government solutions to the economic crisis. Write the time another way. 18 minutes before 11 Which of the following equilibrium systems most favors the products? a) CI2(g) + 2NO2(g) 2NO2CI(g); Keq = 1.8 b) N2(g) + 3H2(g) 2NH3(g); Keq = 345 c) 2HCI2(g) H2(g) + CI2(g); Keq = 2.0 10-7 d) CI2(g) + 2NO(g) 2NOCI(g); Keq = 3.7 108 In double fertilization, one sperm fuses with the egg to form the diploid zygote and the other sperm fuses with two polar nuclei to form the ____________. Which reason best supports Zimmermanns claim in The Code Book that "cryptography is about political power? Governments use cryptography to protect classified information from being leaked to the public. Politicians use cryptography to send messages to each other about new legislation. Cryptography allows individuals to protect their freedom of speech in a healthy democracy. For thousands of years, governments and leaders of civilizations have used various forms of cryptography. PLEASE HELP!! is it right??