a chef buys a blender for $600. if the value of the blender depreciates by 20% every year, what is the value…

a chef buys a blender for $600. if the value of the blender depreciates by 20% every year, what is the value of the blender after 2 years? remaining amount = 600(1 - ?)^ remaining amount = i(1 - r)^t enter the number that belongs in the green box.

a chef buys a blender for $600. if the value of the blender depreciates by 20% every year, what is the value of the blender after 2 years? remaining amount = 600(1 - ?)^ remaining amount = i(1 - r)^t enter the number that belongs in the green box.

Answer

Answer:

0.2

Explanation:

Step1: Identify the depreciation rate

The blender depreciates by 20% each year. In decimal form, 20% is 0.2. So the value of $r$ in the formula $Remaining\ Amount = I(1 - r)^t$ is 0.2.