How long would the price of an asset take to reduce by a third of its original value if it depreciates on a reducing balance at a rate of 4,7% p.a.?

pls help, I have an exam tomorrow.

Question

06-11-2022
Mathematics

Answered

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How long would the price of an asset take to reduce by a third of its original value if it depreciates on a reducing balance at a rate of 4,7% p.a.?

pls help, I have an exam tomorrow.

Sagot :

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