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mart [117]
3 years ago
13

Jasmine purchased a laptop worth $1,500 in 2007. It loses its value by %32 each year. What is the value of the laptop in 2010? R

ound to the nearest cent.
Mathematics
1 answer:
Lunna [17]3 years ago
3 0

Answer:

$471.65

Step-by-step explanation:

-The value of the laptop after each year is calculated by the formula:

P_t=P_o(1-d)^t

where:

P_t is the value at time t

P_o is the initial value

d is the rate of depreciation

t is the time

#We substitute the values to solve for the value after 3 years(2010-2007=3):

P_t=P_o(1-d)^t\\\\=1500(1-0.32)^3\\\\=\$471.65

Hence, the value of the laptop in 2010 is $471.65

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