Tommy purchased a riding lawnmower with an original value of $2,500. If the value of the riding lawnmower decreases by $300 per year, what should be the value of the lawnmower after five years?

$1000.

Step-by-step explanation:

Let x represent number of years.

We have been given that Tommy purchased a riding lawnmower with an original value of $2,500. The value of the riding lawnmower decreases by $300 per year. We are asked to find the value of lawnmower after 5 years.

Since the value of the riding lawnmower decreases by $300 per year, so value of lawnmower decrease in 5 years would be 5 times $300.

The final value of lawnmower would be initial value minus value decreased in 5 years.

Therefore, the value of lawnmower after  years would be $1000.

the homeowners insurance cost for a 115,000 wood frame house is 80,500.

step-by-step explanation:

it is given that the coverage rate for wood frame house is 0.7.

the value of wood frame house is 115,000.

.

homeowners insurance cost for a 115,000 wood frame house is

therefore the homeowners insurance cost for a 115,000 wood frame house is 80,500.