a farmer buys a horse for $1,900. if the value of the horse depreciates by 30% every year, what is the value…

a farmer buys a horse for $1,900. if the value of the horse depreciates by 30% every year, what is the value of the horse after 4 years? remaining amount = ?(1 - )^ remaining amount = i(1 - r)^t enter the number that belongs in the green box.

a farmer buys a horse for $1,900. if the value of the horse depreciates by 30% every year, what is the value of the horse after 4 years? remaining amount = ?(1 - )^ remaining amount = i(1 - r)^t enter the number that belongs in the green box.

Answer

Explanation:

Step1: Identify the initial - value

The initial value $I$ of the horse is the purchase price. The farmer buys the horse for $$1900$, so the value that goes in the green box (representing the initial amount $I$) is $1900$.

Answer:

$1900$