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mixas84 [53]
3 years ago
12

PLEASE HELP

Mathematics
1 answer:
katovenus [111]3 years ago
4 0

<u>Answer:</u>

$593.26

<u>Step-by-step explanation:</u>

We know that the price of the laptop is $2500 and each year its resale value decreases by 25%. It means that 100 - 25 = 75% of the value is retained every year for the resale.

So, the resale value for 1st year = \frac{75}{100} *2500 = $1875

for 2nd year =  \frac{75}{100} *1875 = $1406.25

for 3rd year =  \frac{75}{100} *1406.25 = $1054.7

for 4th year =  \frac{75}{100} *1054.7 = $791.01

for 5th year =  \frac{75}{100} *791.01 = $593.25

Or we can use the following formula to find its resale value after 5 years:

2500*(0.75)^5 = $593.26

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