SOLUTION: A $10,500 investment has a 15% loss each year. Determine the value of the investment after
each of the following.
a. 1yr b.2yr c.4yr d.10yr
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-> SOLUTION: A $10,500 investment has a 15% loss each year. Determine the value of the investment after
each of the following.
a. 1yr b.2yr c.4yr d.10yr
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Question 1017911: A $10,500 investment has a 15% loss each year. Determine the value of the investment after
each of the following.
a. 1yr b.2yr c.4yr d.10yr Answer by Cromlix(4381) (Show Source):
You can put this solution on YOUR website! Hi there,
100% - 15% = 85%
85% = 85/100 = 0.85
a) $10,500 x 0.85 = $8925
b) $10500 x 0.85^2 = $7586.25
c) $10500 x 0.85^4 = $5481.07 (2 decimal places)
d) $10500 x 0.85^10 = $2067.18 (2 decimal places)
Hope this helps :-)
