Register

A product initially with a value of $21,800 has been depreciating at 8.1% p.a over 8 years. What is it's current value?

A product initially with a value of $21,800 has been depreciating at 8.1% p.a over 8 years. What is it's current value?
asked 214k views
1 vote
A product initially with a value of $21,800 has been depreciating at 8.1% p.a over 8 years. What is it's current value?

asked
User Zeehio
by
8.3k points

1 Answer

5 votes

we get that:


v=21800\cdot(0.919)^8=11091.25

its current value is $11091.25

answered
User Matthew Stamy
by
7.9k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!