Answer:
<em>Here</em><em> </em><em>i</em><em>s</em><em> </em><em>the</em><em> </em><em>answer </em><em>.</em><em> </em><em>hope</em><em> </em><em>this</em><em> </em><em>helps</em><em>.</em>
805 thousandths in a decimal form is 0.805.
If it decreases at 4% every year, then its value becomes:
100% - 4% = 96% = 96/100 = 0.96
At the end of the 1 year its value becomes: 150*(0.96)
At the end of the 2 years its value becomes: 150*(0.96)*(0.96) = 150*(0.96)²
At the end of the 3 years its value becomes: 150*(0.96)*(0.96)*(0.96) = 150(0.96)³
So similarly at the end of 12 years, its value becomes 150*(0.96)¹²
=50*(0.96)¹² simplify with calculator.
<span>≈ 91.91
Value at the end of 12 years becomes ≈ $</span><span>91.91
I hope this helps.
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