Question

A laptop computer is purchased for 2300 . After each year, the resale value decreases by 35% . What will the resale value be after 4 years?


round your answer to the nearest dollar

Answer 1

632 Dollars.

Answer 2

can you show your work????

Answer 3

I am just deducting 35% annually

Answer 4

I came up with 411 after 4 years of depreciation

Answer 5

I know there's an equation for it, but I've forgotten it. Just take 35% of the price of the laptop four times. 2300 * .35 = 805 2300-805= 1495 Now 1495 is your new starting price and do that for 3 more years.

Answer 6

Oh, it is 411, 632 is only 3 years. My bad.

Answer 7

yeah, i got 410.07

Answer 8

2300*(0.65)^4

Answer 9

thanks gents.....