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2 years ago

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]2 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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