Answer:
Where's the question?
Step-by-step explanation:
If the value depreciates 8.6%, it is 91.4% of what it was the year before. The value can be modeled by
y = 19500(0.914)^x
The answer is option B
hope it helps!!
Answer:
7.87 years
Step-by-step explanation:
#First we determine the effective annual rate based on the 9% compounded semi annual;

#We then use this effective rate in the compound interest formula to solve for n. Given that the principal doubles after 2 yrs:

Hence, it takes 7.87 years for the principal amount to double.