Question

alyssa bought a microwave $30,000 in the year 2007 it loses it value by 5% oer year what is the value of the microwave in the year 2011 please show working thank you

Answer 1

5% of 30,000 is 1,500
2007 til 2011 is 4 years so
1,500 times the 4 years would be 6,000
so 30,000 minus the 6,000 lost value would be 24,000.