Question

16) A computer depreciates at a rate of 15% every year. If a computer is worth $324.50. When it’s 5 years old how much was it worth when it was new? Round your answer to two decimal places.

Answer 1

If the computer depreciates at 15 percent each year and it's 324.50 at some certain year, you need to consider that it'll be it's current price * 0.15 and then that plus the original price, and then you need to do the same process for each of the following years.

Answer 2

wait let me check the question again

Answer 3

A computer depreciates at a rate of 15% per year. If the computer is worth $324.50 when it is 5 years old, how much was it worth when it was new? Round your answer to two decimal places

Answer 4

@jhonyy9

Answer 5

what equation was that you wrote by the way? i think my explanation was only toward compound interest

Answer 6

oh its a value depreciation equation

Answer 7

but in we case the value of the computer should be larger than the given value right???

Answer 8

@TheSmartOne

Answer 9

Your given value is definitely higher than what you'd end up with, as the value of it goes down 15 percent each year.

Answer 10

If a computer is worth $324.50. When it’s 5 years old how much was it worth when it was new?...as things are used, their value goes down...we are figuring out how much was the computer worth five years back

Answer 11

right im actually a bit confused by your equation. i was reading the problem wrong haha my bad. hmmm. are you given choices? im actually not too sure on this one

Answer 12

aaaawwnn no its not a multiple choice question

Answer 13

^ same

Answer 14

im so confused right now

Answer 15

ppl if you haven't done pre cal don't even bother to try..

Answer 16

the sad thing is i finished calc 2. i took precalc over a year ago so im rusty with the percentages. sorry. give me a few min :)

Answer 17

ouch...loolX"D