document.write( "Question 860362: at what rate of depreciation per month would the value of an article be halved in 10 months \n" ); document.write( "
Algebra.Com's Answer #518370 by Alan3354(69443)![]() ![]() You can put this solution on YOUR website! at what rate of depreciation per month would the value of an article be halved in 10 months \n" ); document.write( "-------------- \n" ); document.write( "FV = PV*r^t (r = remaining value, t in months) \n" ); document.write( "FV = PV/2 \n" ); document.write( "r^10 = 0.5 \n" ); document.write( " \n" ); document.write( "r =~ 0.933033 \n" ); document.write( "Depreciation = 1 - r \n" ); document.write( "= 0.066967 \n" ); document.write( "= 6.6967%/month \n" ); document.write( " |