A laptop computer is purchased for
$1850
. After each year, the resale value decreases by
35%
. What will the resale value be after
4
years?
Use the calculator provided and round your answer to the nearest dollar.

Question

A laptop computer is purchased for 
$1850
. After each year, the resale value decreases by 
35%
. What will the resale value be after 
4
 years?
Use the calculator provided and round your answer to the nearest dollar.

mikwind · Answer

$$V=V_0(1-loss)^a$$ ,  where a is the number of years, and loss is the percentage of lost value per year

anonymous · Answer

2472221600

anonymous · Answer

@welshfella can you help me

mikwind · Answer

Lets simplify this a little:  After 1 year the new value is : 1850*(100%-35%)= 1850*0.65=1202.5, after another year it is 1202.5*(0.65)=781,625, after another year it is 781,625*0.65=...  Every year you multiply by 0.65

welshfella · Answer

just carry on where mikwind finished