Question

A laptop computer is purchased for $1000. After each year, the resale value decreases by 25%. What will the resale value be after 5 years? Use the calculator provided and round your answer to the nearest dollar.

Answer 1

First you need to find what 25% is of $1000. Once you know that value, subtract it from $1000 five times.

Answer 2

http://www.onlineconversion.com/percentcalc.htm