Answer:
Step-by-step explanation:
Use the equation
[tex]A(t)=P(1-r)^t[/tex] because the account is depreciating at a rate of 4%. Filling in:
[tex]A(t)=75000(1-.04)^t[/tex] to get our model.
[tex]A(t)=75000(.96)^t[/tex] Now we fill in 10 for t and solve:
[tex]A(t)=75000(.96)^{10}[/tex] so
A(t) = $49,862.45 in ten years
