Question

Based on her past experiences, a homeowner estimates that appliances lose 25% of their resale value each year. If her estimate is accurate, how much will an appliance currently valued at $3,200 be worth in 10 years?

Answer 1

It would be 800 because you would need to do 25 times 10 which is 250, then change that into a decimal, 0.250, then you multiply 3,200 and 0.250 and get 800.