brieller brieller
  • 07-06-2017
  • Mathematics
contestada

A laptop computer is purchased for $1100 . After each year, the resale value decreases by 25% . What will the resale value be after 4 years?

Respuesta :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 07-06-2017
Hi there
The formula is
A=p (1-r)^t
A future value?
P present value 1100
R interest rate 0.25
T time 4 years

A=1,100×(1−0.25)^(4)
A=348

Hope it helps
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