reducing balance method

hi
does anybody know of a formular to find out the reducing balance percentage when only given the amount and number of years particually odd years, say £1,000 over 5 years. the answer is 50% but i would like to know how they got to that
regards dean
does anybody know of a formular to find out the reducing balance percentage when only given the amount and number of years particually odd years, say £1,000 over 5 years. the answer is 50% but i would like to know how they got to that
regards dean
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