Algebra-1

Question Analysis
This question evaluates the student's ability to handle semi-annual depreciation rates and convert time units appropriately.

Key Concept Explanation
When the depreciation rate is given in semi-annual terms, the time must be converted to the same unit. For 3 years, there are 6 semi-annual periods. The formula is used, where is the remaining value, is the initial value, is the depreciation rate, and is the number of periods.

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

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