The resale value V of an industrial asset declines continuously at a rate of 7.5% per year. If it was purchased at OMR 68000, how long does it take for the resale value of the asset to reach 30% of its original value? Use this formula V = P.e-r.t

The resale value V of an industrial asset declines continuously at a rate of 7.5% per year. If it was purchased at OMR 68000, how long does it take for the resale value of the asset to reach 30% of its original value? Use this formula V = P.e-r.t

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter5: Exponential And Logarithmic Functions

Section: Chapter Questions

Problem 28T: The half-life of radioactive actinium ( 227AC ) is 21.77 years. What percent of a present amount of...

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3\ The resale value V of an industrial asset declines continuously at a rate of 7.5% per
year. If it was purchased at OMR 68000, how long does it take for the resale value of
the asset to reach 30% of its original value?

Use this formula V = P.e^-r.t

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