Algebra-1

Question Analysis
This question tests the student's ability to apply the depreciation formula to find the value of an asset after a certain period.

Key Concept Explanation
Depreciation is the process by which the value of an asset decreases over time. The formula for depreciation is , where is the remaining value, is the initial value, is the depreciation rate, and is the time in years.

Step-by-step Solution
1. Identify the given values: , ,
2. Substitute the values into the formula:

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