16. Miss Maream bought a piece of land near to the beach at a price of RM 788,000. The value of the land has slowly been decreasing by 0.6% annually. (i) Write the exponential decay function to model the depreciation of the land price. (ii) How much will the land be worth in 30 years? (iii) How long does it take for the price of the land to become half of its original price?

16. Miss Maream bought a piece of land near to the beach at a price of RM 788,000. The value of the land has slowly been decreasing by 0.6% annually. (i) Write the exponential decay function to model the depreciation of the land price. (ii) How much will the land be worth in 30 years? (iii) How long does it take for the price of the land to become half of its original price?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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