£7200
In first year depreciates by 20%, that is it is worth 80% of it's original value
80% = = 0.8
value after 1 year = 0.8 × £10000 = £8000
In the second year it depreciates by 10% of it's value, that is it is worth 90% of it's value at the end of the first year.
90% = = 0.9
value after 2 years = 0.9 × £8000 = £7200
Answer:
Step-by-step explanation:
The exponential growth function compounded continuously is equal to
where
A is the final population
P is the initial population
r is the rate of growth in decimal
t is Number of years
e is the mathematical constant number
we have
substitute in the function above
simplify
Take natural log of both sides