Question

elektra purchased microwave for 450 it depreciates about .6% each year what is the value after eight years?

Answer 1

428.85 because value= initial value × multiplier^(no of years)
Multiplier=100-0.6
99.4÷100
=0.994
Value= 450 × 0.994^8
=428.847.....

Answer 2

Answer:

274.31 ( approx )

Step-by-step explanation:

Given,

The original price of the microwave, P = 450,

Rate of decreasing per year, r = 6%,

Time, t = 8 years,

So, the value of the microwave after 8 years,

$A=P(1-\frac{r}{100})^t$

$=450(1-\frac{6}{100})^8$

$=274.30602$

$\approx 274.31$