Question

Ray Industries bought a touch screen monitor for $1200. It is expected to depreciate at a rate of 25% per year. What will the value of the monitor be in 3 years?
Answer
$142
$506
$900
$2340

Answer 1

that means new value is 25 percent less every year. so new value becomes three-fourth every year.

and so after third year, you multiply, (3/4) one more time. what do you think the answer would be? post and verify!