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A product initially with a value of $21,800 has been depreciating at 8.1% p.a over 8 years. What is it's current value?
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A product initially with a value of $21,800 has been depreciating at 8.1% p.a over 8 years. What is it's current value?

User Zeehio
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1 Answer

5 votes

we get that:


v=21800\cdot(0.919)^8=11091.25

its current value is $11091.25

User Matthew Stamy
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5.0k points
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