A laptop is purchased for $2200. After each year, the resale value decreases by 35%. What will the resale value be after four years? round your answer to the nearest dollar

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Hijarian · Answer 1 · 2018-08-13T13:43:25+0000

The depreciation factor is 100-35=65%=0.65.
So the total depreciation after 4 years is 0.65⁴=0.1785 approx.
Apply this to the purchase price: 0.1785×2200=$393 to the nearest dollar.

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A laptop is purchased for $2200. After each year, the resale value decreases by 35%. What will the resale value be after four years? round your answer to the nearest dollar

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