Question

A laptop computer is purchased for $2,450. After each year, the resale value decreases by 35%. What will the resale value be after 3 years?

Use the calculator provided and round your answer to the nearest dollar.

Answer 1

After 3 years, the resale value of the laptop will be $673

Step-by-step explanation:

One year = 35% × $2450 = $857.5

Amount left= $2450 - $857.5 = $1592.50

Second year= 35% × $1592.5 = $557.375

Amount left= $1592.50 - $557.375 = $1035.125

Three years = 35% × $1035.125 = $361.79

Amount left = $1035.125 -$361.79 = $673.33