Question

an helicopter is bought for dollar 5 million its value depreciates by 7% each year how many year will it take for the value to halve​

Answer 1

Answer:

its easy

Step-by-step explanation:

iven:

Initial value[Cost price] = $5,000,000

Depreciation rate[r] = 7% = 0.07

Final value[After depreciation cost] = 5,000,000 / 2 = $2,500,000

Find:

Number of year[After half value]

Computation:

A = p[1-R]ⁿ

Final value = Initial value[1-r]ⁿ

2,500,000 = 5,000,000[1-0.07]ⁿ

0.5 = [0.93]ⁿ

Number of year = 9.5 year

Answer 2

thanks for Ur points....