Car Price is 20 000 depricates by 15% every year (i.e r= 0.85)
Find a formula linking its value V with its age a years?
Please can you show me the working to get to it.
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Geometric Progression Question watch
- Thread Starter
- 25-01-2005 20:21
- 25-01-2005 20:39
Where Yn denotes its value after n years.