Im doin the same stuff and can’t figure it out
For how many years?
In any case I will give you the formula & you will plug into the number of years"
Remaining Value (or Salvage Value) = initial cost(1 - rate%)^n(number of years
Remaining value after n years = 15000(1-23%)^n
Step-by-step explanation:
=3.0625/ 1
=30625/10000
(multiply top until the decimal goes. and have to multiply by the same number bottom also, here have multiplied by 10000 both bottom and top)
=6125/ 2000
=49/16 (simplify the both bottom and top)
Answer: 423
Step-by-step explanation:
Its not C
suck it
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