27.03.2023 - 17:29

A laptop computer is purchased for $1850. After each year, the resale value decreases by 25 % . What will the resale value be after 4 years? (Round your answer to the nearest dollar)

A laptop computer is purchased for {eq}\displaystyle $1850 {/eq}. After each year, the resale value decreases by {eq}\displaystyle 25 % {/eq}. What will the resale value be after {eq}\displaystyle 4 {/eq} years?

(Round your answer to the nearest dollar)

Answers (1)
  • Antogonist
    April 1, 2023 в 09:16

    The resale value of the laptop after each year can be calculated by multiplying the previous year's value by 0.75, which represents a 25% decrease.

    So, the resale value of the laptop after one year will be:

    $1850 x 0.75 = $1387.50

    After two years, the resale value will be:

    $1387.50 x 0.75 = $1040.63

    After three years, the resale value will be:

    $1040.63 x 0.75 = $780.47

    And after four years, the resale value will be:

    $780.47 x 0.75 = $585.35

    Rounding this to the nearest dollar, the resale value of the laptop after 4 years will be $585.

Do you know the answer?
Not sure about the answer?
Find the right answer to the question A laptop computer is purchased for $1850. After each year, the resale value decreases by 25 % . What will the resale value be after 4 years? (Round your answer to the nearest dollar) by subject Economics, and if there is no answer or no one has given the right answer, then use the search and try to find the answer among similar questions.
Search for other answers
New questions in the category: Economics
Authorization
*
*

Password generation