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Andru [333]
3 years ago
9

If a house is worth $125,000 and depreciates by 7.5% per year, how much is it worth in two years

Mathematics
1 answer:
JulijaS [17]3 years ago
5 0

Answer:

Solution given;

principal [P]=$125,000

depreciated rate[R]=7.5%

time[t]=2 years

worth price of house [A]=???

we have

Worth price[A]=\large \bold P(1-\frac{R}{100})^{t}

=125,000(1-\frac{7.5}{100})^{2}

=125,000*0.925²

=125,000*0.855625

=106953.125

<h3>its worth price is $106953.125</h3>
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