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17 March, 05:43

A laptop is purchased for $2200. After each year, the resale value decreases by 35%. What will the resale value be after four years?

round your answer to the nearest dollar

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  1. 17 March, 08:50
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    The depreciation factor is 100-35=65%=0.65.

    So the total depreciation after 4 years is 0.65⁴=0.1785 approx.

    Apply this to the purchase price: 0.1785*2200=$393 to the nearest dollar.
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