An iron box costs sh. 5000. Every years it depreciated by 10% of its value at the beginning of that year. What will its...

      

An iron box costs sh. 5000. Every years it depreciated by 10% of its value at the beginning of that year. What will its value be after 4 years?

  

Answers

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A = P(1 – r/100)^n
A = 5000(1 -0.04)^4
A = sh. 4246.70

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joseph rimiru answered the question on November 16, 2017 at 19:13

Next:  Find the rate per annum at which a certain amount of money triples after being invested for a period of 5 years compounded annually.
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