## The original value of a sculpture is $950, and the value decreases by 15% each year. Find the value of the sculpture in 8 years.

Question

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## Answers ( )

Answer:The value of the sculpture in 8 years is $258.865

Step-by-step explanation:The original value of sculpture = $950

we are given that the value decreases by 15% each year.

Formula :

Where N(t)=Value after t years

Initial value

r = rate of decrease in decimals

t = time

We are supposed to find the value of the sculpture in 8 years.

Substitute the values in the formula :

So,

Hence the value of the sculpture in 8 years is $258.865