Question
Year ZAR/GBP 1961-1982 2 1982-1985 1.95 1985 2.99 1986-1988 3.47 1989-1993 4.51 1994 5.41 1999 9.07 2001 21.3 2002 13.85 2005 10.2 2008 17.82 2010
| Year | ZAR/GBP |
| 1961-1982 | 2 |
| 1982-1985 | 1.95 |
| 1985 | 2.99 |
| 1986-1988 | 3.47 |
| 1989-1993 | 4.51 |
| 1994 | 5.41 |
| 1999 | 9.07 |
| 2001 | 21.3 |
| 2002 | 13.85 |
| 2005 | 10.2 |
| 2008 | 17.82 |
| 2010 | 12.01 |
| 2015 | 18.27 |
What is the rate of depreciation from 1961 till 1994?
Please explain the formula used and what it is called.
Step by Step Solution
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Step: 1
The rate of depreciation of the ZAR relative to the GBP from 1961 to 1994 is approximately 6942 Here...
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Mathematical Applications for the Management Life and Social Sciences
Authors: Ronald J. Harshbarger, James J. Reynolds
11th edition
9781337032247, 9781305465183, 1305108043, 1337032247, 1305465180, 978-1305108042
