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September 1, 2015

Homework Help: Huge Math Word Problem

Posted by Anonymous on Friday, October 9, 2009 at 6:45pm.

The owner of a
rental house can depreciate its value over a period of 27 1/2
years, meaning that the value of the house declines
at an even rate over that period of time until the value
is $0.
My question is by what fraction would the value of the house depreciate the first year and
If the house is judged at 85,000, what is the value of the first year's depreciation?

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