Answer:
$64222.22
Step-by-step explanation:
If we call the original value as x, we can write:
1445 = x * (0.15)² (Note: We write 1 - 0.85 = 0.15 and not 0.85 because 0.85 is the decay factor)
1445 = 0.0225x
x ≈ 64222.22
Answer:
Step-by-step explanation:
Let the original value be $ X
Decay factor = 0.85
Time = 2 years
Reduced value = $ 1445
Now,
Reduced value = original value * (decay)[tex] {}^{number \: of \: years} [/tex]
Plug the values
[tex]1445 = x \times {(0.85)}^{2} [/tex]
Evaluate the power
[tex]1445 = x \times 0.7225[/tex]
[tex]x = \frac{1445}{0.7225} [/tex]
Calculate
[tex]x = 2000[/tex]
Hope this helps...
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