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Oksi-84 [34.3K]
3 years ago
8

PLEASE HELP RIGHT AWAY

Mathematics
1 answer:
lawyer [7]3 years ago
3 0

Answer:

$106,147

Step-by-step explanation:

The price of the house is $160,000. The value of the house is going down by 5% each year, and we need to find the price of the value after 8 years.

Year 0:

$160,000

Year 1:

$160,000×0.95 = $152,000

Year 2:

$152,000×0.95 = $144,400

Year 3:

$144,400×0.95 = $137,180

Year 4:

$137,180×0.95 = $130,321

Year 5:

$130,321×0.95 = $123,804.95

Year 6:

$123,804.95×0.95 = $117,614.7025

Year 7:

$117,614.7025×0.95 = $111,733.967375

Year 8:

$111,733.967375×0.95 = $106,147.26900625  ≈  $106,147

Therefore, the correct answer is the second ONE. ✔️✔️

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Answer:

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Answer:

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