Answer:
$3787.5
Step-by-step explanation:
Given data
Cost price= $25,000
Rate of decrease= 7%
Time= 2020-2026= 26 years
Let us apply the formula
A= P(1-r)^t
substitute
A= 25000(1-0.07)^26
A=25000(0.93)^26
A= 25000*0.1515
A= $3787.5
Hence the worth will be $3787.5
