SOLUTION: The value of a property declines every year by 6%. Presently, its value is $118,000. What will be its value 5
years from now?
Algebra.Com
Question 427056: The value of a property declines every year by 6%. Presently, its value is $118,000. What will be its value 5
years from now?
Answer by jorel1380(3719) (Show Source): You can put this solution on YOUR website!
118,000-6%=118,000(.94)
After 5 years=118,000x.94x.94x.94x.94x.94x=118,000x.7339040224=$86,600.67..
RELATED QUESTIONS
The value of a property declines every year by 6%. Presently, its value is 450,000. What... (answered by richwmiller)
The value of a property declines every year by 5%. Presently, its value is $350,000. What (answered by stanbon,Sarpi)
The value of a property declines every year by 5%. presently it's value is $350,000. What (answered by ewatrrr)
7.
The value of a property declines every year by 4%. Presently, its value is $910,000.... (answered by stanbon)
A car has a purchase price of $23,500. The value declines continuously at an exponential (answered by josgarithmetic,MathTherapy)
A bicycle is five years old. If it's value has been diminishing by 5% of its previous... (answered by Alan3354)
The owner of a rental house can depreciate its value over a period of 27 1/2 years,... (answered by jorel1380)
1)Jhon's income is 20% more than that of Mr Thomas . How much percent is the income of Mr (answered by jorel555)
Wei is worth $30 000 depreciates in value by 10% every year. After 5 years how much will... (answered by josgarithmetic)