Colton's mini-van is depreciating at a rate of 5.5% per year. He paid $22,250 for it in 2019. How much will the car be worth in 2025 to nearest cent?

$1584.2

Step-by-step explanation:

Given data

R= 5.5%

T= 2025-- 2019=  6years

P=  $22,25

Let us apply Compound interest formula

A=P(1-r)^r Note negative for  depreciation

A= 2225(1-0.055)^6

A= 2225(0.945)^6

A= 2225*0.712

A=$1584.2

- "runner b is moving at a slower rate."

- "the graphs shown are graphs of distance(km) against time(min).

the slopes of this graphs are are given by:

slope = (change in y)/(change in x)

= (change in distance)/(change in time)

this is the formula for finding the speed. so, the slope of these graphs represent the speed of the runner.

taking each division in the graph to represent 1 on both axis:

runner a ⇒ speed = (2-0)/(1-0)

= 2/1

= 2 km/min

runner b ⇒ speed = (3-0)/(3-0)

= 3/3

= 1 km/min

this shows that   runner b is moving at a slower rate."

$79500

step-by-step explanation: