Answer:
11,812.5
Step-by-step explanation:
25% = 0.25
(YEAR ONE)
[tex]28,000*0.25 -- > 21,000[/tex]
↓ (why?)
28,000 * 0.25 = 7,000
[tex]28,000 - 7,000 = 21,000[/tex]
(YEAR TWO)
[tex]21,000 * 0.25 -- > 15,750[/tex]
↓ (why?)
[tex]21,000 * 0.25 = 5250[/tex]
[tex]21,000 - 5,250 = 15,750[/tex]
(YEAR THREE)
[tex]15,750 * 0.25 -- > 11,812.5\\[/tex]
↓ (why?)
[tex]15,750 * 0.25 = 3,937.5\\15,750 - 3,937.5 = 11,812.5[/tex]
Answer = 11, 812.5
