MJ Supply distributes bags of dog food to pet stores. Its markup rate is 28%. Which equation represents the new price of a bag,
1 answer:
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Answer:
The value of the sculpture in 8 years is $258.865
Step-by-step explanation:
The original value of sculpture = $950
we are given that the value decreases by 15% each year.
Formula :
Where N(t)=Value after t years
Initial value
r = rate of decrease in decimals
t = time
We are supposed to find the value of the sculpture in 8 years.
Substitute the values in the formula :
So,
Hence the value of the sculpture in 8 years is $258.865