Answer:
$471.65
Step-by-step explanation:
-The value of the laptop after each year is calculated by the formula:
[tex]P_t=P_o(1-d)^t[/tex]
where:
[tex]P_t[/tex] is the value at time t
[tex]P_o[/tex] is the initial value
[tex]d[/tex] is the rate of depreciation
[tex]t[/tex] is the time
#We substitute the values to solve for the value after 3 years(2010-2007=3):
[tex]P_t=P_o(1-d)^t\\\\=1500(1-0.32)^3\\\\=\$471.65[/tex]
Hence, the value of the laptop in 2010 is $471.65
