A product has a current selling price of P325. If its selling price is expected to decline at the rate of 10% per annum because of obsolescence, what will be its selling price four years hence?

A product has a current selling price of P325. If its selling price is expected to decline at the rate of 10% per annum because of obsolescence, what will be its selling price four years hence?

A. P302.75 C. P213.23
B. P202.75 D. P156.00

Solution