# A $10,500 investment has a 15% loss each year. How do you determine the value of the investment after each of the following years: 1,2,4, and 10?

##### 1 Answer

Jan 31, 2018

where p is principal

r is rate

t is time

One year one

Remember it is not necessary to use this formula.... as it's one year

Two year one

Notice not much has changed

That gives us

Now you get the drill..... Try to do it yourself