Question

Answer correctly please

Answer 1

Answer:

$\ 272,49$

Step-by-step explanation:

7. $\displaystyle /text{The answer makes sense because since the depreciation rate is 15%, we know that we need to use the "exponential decay" formula.}$

6. $\displaystyle /text{After a depreciation rate of 15% for the past 8 years, the stock is now worth approximately 272,49.}$

5. $\displaystyle 1000[0,85]^8 = 272,490525 ≈ \ 272,49$

4. $\displaystyle 1000 = a \\ -15\% + 100\% = 1 - r; 85\% = 1 - r \\ 8\:years = time\:[t]$

3. $\displaystyle /text{We need to use the "Exponential Decay" formula} - f(t) = a[1 - r]^t, where a > 0$

2. $\displaystyle /text{How much is the stock worth after a depreciation rate of 15% per year?}$

1. $\displaystyle /text{initial amount: 1000, a depreciation rate of 15%, and a time period of 8 years}$

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