Ask Question
29 November, 23:14

A company's value decreased by 11.2% from 2009 to 2010. Assume this continues. If the company had a value of $9,220,000 in 2009, write an equation for the value of the company t years after 2009

+2
Answers (1)
  1. 30 November, 00:32
    0
    Vf = Vi % (1+0,112) ⁿ

    Step-by-step explanation:

    Vf: value of the company in t years

    Vi: value of the company today (2009)

    n: number of years after 2009

    Let's do an example:

    What is the value of the company in 2014? That would mean 5 years later.

    Let's replace the data into the formula:

    Vf = $9.220.000 % (1+0,112) ⁵

    Vf = $9.220.000 % 1,700293

    Vf = $5.442.592,70 is the value of the company in 2014.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A company's value decreased by 11.2% from 2009 to 2010. Assume this continues. If the company had a value of $9,220,000 in 2009, write an ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers