Algebra-1

Question Analysis
This question assesses the student's ability to handle quarterly depreciation rates and convert time units correctly.

Key Concept Explanation
When the depreciation rate is given in quarterly terms, the time must be converted to the same unit. For 2 years, there are 8 quarterly 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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