A vehicle purchased for $27,500 depreciates at a constant rate of 5%. Determine the approximate value of the vehicle 10 years after purchase. Round to the nearest whole dollar.

$16,464

Step-by-step explanation:

A=P(1-r)^t

Where

P=$27,500

r=5%=0.05

t=10 years

A=P(1-r)^t

=27500(1-0.05)^10

=27,500(0.95)^10

=27,500(0.5987)

=16,464.25

To the nearest whole dollar=$16,464

the answer   is 200

step-by-step explanation:

this is a problem about poisson probabilities.   i don't know if you've

already studied poisson distributions, or if you have a place to look

to read more about the subject.  

here's how you can see a poisson distribution coming.   when there are

a lot of events that may happen at any time (or any place), and when

you're counting how many of them happen at a particular time (or a

particular place), and each event is independent of the others, then

the result is a poisson distribution.   this is roughly true for the

chocolate chips; one chip being in a cookie has only a small effect on

the probability that another chip will be in the cookie.

once you know you have a poisson distribution, you know a lot.   there

is only one parameter to a poisson distribution, so if you know the

mean, you know everything.   the form of the distribution is

  probability of n chips = {[e^(-x)]*(x^n)} / (n! )

answer: slight chance that it will happen

step-by-step explanation: