Try this: Principal times (1+interest rate as a decimal fraction)^(number of yrs)
In this case, Principal = $28,000; interest rate = -0.25; # of years = 1
So Decrease in value = $28,000 (0.75)^1 = $21,000.
Answer:
no
Step-by-step explanation:
The only thing you need to do is divide 56 by -7. You know the d must be a negative number because negative x negative= positive. So 56 / -7 is -8.
1st year= 18000 x 0.85 = 15300
2nd year= 15300 x 0.85 = 13005
3rd year= 13005 x 0.85= 11054.25
2193 x 10(little 37) over 79
or
≈2.77595 x 10(little 38)