Solve this depreciating percent problem
anassetworth10000depreciates5%for3years
B(t) = A(1 - d)t
Depreciation rate (d) = | Depreciation % |
100 |
Depreciation rate (d) = | 5 |
100 |
Depreciation rate (d) = 0.05
B(3) = 10000(1 - 0.05)3
B(3) = 10000(0.95)3
B(3) = 10000(0.857375)