Question

A laptop computer is purchased for $1100 . After each year, the resale value decreases by 25% . What will the resale value be after 4 years?

Answer 1

Hi there
The formula is
A=p (1-r)^t
A future value?
P present value 1100
R interest rate 0.25
T time 4 years

A=1,100×(1−0.25)^(4)
A=348

Hope it helps