In order to sole the problem you need to create an equation to model what you are trying to do.
You end up with an equation looking like
25000*0.95^t
25000 is the starting value when t=0
95% is the amount remaining after the 5% decay
0.95 is being raised to the power of t to determine how many times it has decayed
When t=3 the equation should be
25000*0.95^3=21434.375
Your answer is 15.875
-8+(-4)+(-2)+(-1)+(-1/2)+(-1/4)+(-1/8)
you half the previous vaule to find the next value
Answer:
Step-by-step explanation:
Sales tax 25000(0.07) = $1,750.00
Property tax (25000 / 1000)(14.62) <u>= + $ 365.50</u>
Total tax $ 2115.50
