A stereo system cost $4,800. It depreciates 12% a year. How much is the system worth after 2 years?

Question

asked Mar 25, 2022 68.0k views

2 Answers

Mpolednik · Answer 1 · 2022-03-30T06:56:59+0000

Answer:

$3717.12

Explanation:

The depreciation per year is 100% - 12% = 88% = 0.88

value after 2 years = $4800 ( 0.88)² = $3717.12