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The value of a piece of equipment has a decay factor of 0.80 per year. After 5 years, the equipment is worth $98,304. What was the original value of the equipment?

The value of a piece of equipment has a decay factor of 0.80 per year. After 5 years, the equipment is worth $98,304. What was the original value of the equipment?
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4 votes
The value of a piece of equipment has a decay factor of 0.80 per year. After 5 years, the equipment is worth $98,304. What was the original value of the equipment?

asked
User Emudrak
by
7.8k points

1 Answer

4 votes
98304=p (.8)^5
Solve for p
P=300000
answered
User Starchand
by
8.4k points
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