Question

I need help pls someone

Answer 1

In this question they've given us the formula and they just want us to plug in the numbers and get the value.

P is the original value, P=$600

r is the depreciation rate, r=10%=0.1

t is the time in years, t=2

`A = P(1-r)^t = 600(1 - 0.1)^2 = 600 \cdot .9^2 = 486`

Answer: $486