Zeus Industries bought a computer for $2593. It is expected to depreciate at a rate of 30% per year. What will the value of the
computer be in 3 years?
1 answer:
First year:
.3 x 2593 = 777.9
$2593 - $777.90 = $1815.10
Second year:
.3 x 1815.10 = 544.53
$1815.10 - $544.53 = $1270.57
Third year:
.3 x 1270.57 = <span>381.171
$1270.57 - $381.171 = $</span>889.39900
$889.39900 rounded to the nearest hundredth is $889.40
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