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Eros Industries bought a laser printer for $3400. It is expected to depreciate at a rate of 10% per year. What will the value be in 4 years? Round to the nearest dollar

Eros Industries bought a laser printer for $3400. It is expected to depreciate at a rate of 10% per year. What will the value be in 4 years? Round to the nearest dollar
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11 votes
Eros Industries bought a laser printer for $3400. It is expected to depreciate at a rate of 10% per year. What will the value be in 4 years? Round to the nearest dollar

asked
User Trydis
by
7.5k points

1 Answer

13 votes

Answer:

≈ $2231

Explanation:

3400(1-10%)(1-10%)(1-10%)(1-10%)

= 3400(1-10%)^4

≈ $2230.74

≈ $2231

answered
User Leo Cassarani
by
8.1k points
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