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2 years ago

Angie's car is valued at $22,000, and she owes $20,000 on it. What is her current equity?

Mathematics

2 answers:

amid [387]2 years ago

6 0

Answer: 2,000

Step-by-step explanation: 22,000 - 20,000 = 2,000

Angie’s current equity on her car is 2,000

vagabundo [1.1K]2 years ago

3 0

Answer:

$\$2,000$

Step-by-step explanation:

Equity is defined by difference between total value of the asset and total liabilities.

Value of Angie's car is $\$22,000$ and she owes $\$20,000$ which means:

Total value of asset (car) = $\$22,000$

Total liability = $\$22,000$

∴ Equity = $22000 - 20000 = 2000$

Hence Angie's current equity is $\$2,000$

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Modern Vehicles Company came up with two different plans for the next financial year. Plan Y: Increase vehicle production by 5%

ladessa [460]

Answer: plan Y will produce more vehicles after 4 years.

Step-by-step explanation:

1) Plan Y: Increase vehicle production by 5% every year. It means that the rate of production is in geometric progression. The formula for determining the sum of n terms, Sn of a geometric sequence is expressed as

Sn = (ar^n - 1)/(r - 1)

Where

n represents the number of term(years) in the sequence.

a represents the first term(number of vehicles in the present year) in the sequence.

r represents the common ratio.

From the information given,

a = 10000

r = 1 + 5/100 = 1.05

n = 4 years

Therefore, the sum of the vehicles produced in the first 4 years, S4 is

S4 = (10000 × 1.05^(4) - 1)/1.05 - 1

S4 = (10000 × 0.21550625)/0.05

S4 = 2155.0625/0.05

S4 = 43101 vehicles

2) Plan Z: Increase production by 300 vehicles every year. It means that the rate of production is in geometric progression. The formula for determining the sum of n terms of an arithmetic sequence is expressed as

Sn = n/2[2a + (n - 1)d]

Where

n represents the number of terms in the arithmetic sequence.

d represents the common difference of the terms in the arithmetic sequence.

a represents the first term of the arithmetic sequence.

From the information given,

n = 4 years

a = 10000

d = 300

Therefore, the sum of the first 4 terms, S4 would be

S4 = 4/2[10000 × 2 + (4 - 1)300]

S4 = 2[20000 + (3)300]

S4 = 2 × 20900

S4 = 41800 vehicles

6 0

2 years ago

A plant is 2 inches tall. In sunlight, the plant grows 1 inch each week. At the end of the 4th week, the plant is placed in a da

babunello [35]

I would label the x-axis with a scale 1-10 weeks and the y-axis with inches grown. The graph starts at 2inches because it’s the height of the plant. For the next 4 weeks there will be a growth of 1 inch a week (reaching 6) than the line stays at the height for 2 weeks until it gets sunlight again for 3 more weeks making it grown 3 more inches and repeats the process again.

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2 years ago

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Past experience indicates that the time re- quired for high school seniors to complete a standard- ized test is a normal random

seropon [69]

With a standard deviation of 6 minutes, we will test the hypothesis that σ = 6 against the alternative that σ < 6 if a random sample of the test times of 20 high school seniors has a standard deviation s = 4.51. use a 0.05 level of significance.

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2 years ago

How many ounces does a 2-ton rhinoceros weigh?

suter [353]

Answer:

64,000 ounces

Step-by-step explanation:

1 ton = 32,000 ounces

2 tons x 32,000 ounces (which is equal to one ton)

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2 years ago

Solve problems about a lemonade stand, and write about the solutions. Cups $2 Lemons $8 Sugar $3 Juan wants to start a lemonade

Fofino [41]

Answer:

$3 from his pockets

Step-by-step explanation:

Great question, it is always good to ask away and get rid of any doubts that you may be having.

To begin solving this problem we need to first calculate how much money all the supplies will cost. We do this buy adding up the prices of each individual supply. Like so,

$2+8+3 = 13$

Now we can see that the total amount of the supplies is $13. Since his mom loaned him $10 we can subtract that from the total cost.

$13-10 = 3$

Finally, we can see that Juan would need to pay a total of $3 from his pockets to be able to buy all the ingredients.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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2 years ago