Answer:
The answer is C.24 - 9x3 - 8x2 + 15x
11400 ÷12 = 950 hundreds
95000 x 100/25 = $380,000 <== value of the property
The value of track is given by:
V(x)=32500(0.92)^x
when x=2
V(2)=32500(0.92)^2=$27508
when x=3
V(3)=32500(0.92)^3=$25,307.36
Difference in values will be:
27508-25307.36
=$2,200.64
