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Jasmine bought a new IPhone for $1000. The value of the phone depreciates 10% each year. What will the phone be worth after 4 years?

Jasmine bought a new IPhone for $1000. The value of the phone depreciates 10% each year. What will the phone be worth after 4 years?
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Jasmine bought a new IPhone for $1000. The value of the phone depreciates 10% each year. What will the phone be worth after 4 years?

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User Nitzan Tomer
by
8.6k points

1 Answer

2 votes

Answer:

$ 656.1

Explanation:

a = 1000(1 - .1)^4

a = 1000(.9)^4

a = 656.1

answered
User Quadwwchs
by
8.2k points
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