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OpenStudy (anonymous):
Eileen purchased a dishwasher for $750. It depreciates about 0.9% each year. What is the value of the dishwasher after seven years?
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Parth (parthkohli):
Continuous compounding.
Parth (parthkohli):
\[750(1 - 0.9\%)^7 \]
OpenStudy (anonymous):
thanks. i got it. :)
Parth (parthkohli):
Or, you could write that as:\[750(100 - 0.9)^7 \]
Parth (parthkohli):
You're welcome!
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