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25 December, 17:50

Zeus Industries bought a computer for $2740. It is expected to depreciate at a rate of 24% per year. What will the value of the computer be in 3 years?

Round to the nearest penny. Do not type the "$" sign in your answer

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  1. 25 December, 18:37
    0
    The formula is

    A=p (1-r) ^t

    A?

    P 2740

    R 0.24

    T 3years

    A=2,740 * (1-0.24) ^ (3)

    A=2,740 * (0.76) ^ (3)

    A=1,202.8 round your answer to get

    A=1203
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