Answer:
1997.08 pounds at the beginning of 6 years.
Step-by-step explanation:
If you start at 2100 pounds, and it depreciates by .01 every year, you would start by doing this. It wouldn't just be subtracting 21 each year because the value depreciates and 1% would come off the new depreciated value each year.
1st year - 2100*.01 = 21
2100-21 = 2079
2nd year - 2079*.01 = 20.79
2079 - 20.79 = 2058.21
3rd year - 2058.21*.01 = 20.58
2058.21-20.58 = 2037.63
4th year - 2037.63*.01 = 20.38
2037.63-20.38 = 2017.25
5th year - 2017.25*.01 = 20.17
2017.25 - 20.17 = 1997.08
6th year - at the beginning of the 6th year, it would be worth 1997.08.
At the end of the 6th year, it would be: 1997.08*.01 = 19.97. 1997.08-19.97 = 1977.11
