An equipment's worth is 10,000 intially. Each year the value is 80% of the prior year's value. What' s the greatest value of the equipment after 9 years? The answer is in thousands.
A) (10*0.8)^8
B) (10*0.8)^9
C) 10*(0.8)^8
D) 10*(0.8)^9
E) (100*0.8)^9
I am totally clueless about this coz I am not getting anything close to the answer. The answer given is D! Can someone also explain any shortcut to do this?
A) (10*0.8)^8
B) (10*0.8)^9
C) 10*(0.8)^8
D) 10*(0.8)^9
E) (100*0.8)^9
I am totally clueless about this coz I am not getting anything close to the answer. The answer given is D! Can someone also explain any shortcut to do this?
