Answer:
The resale value after four years will be $4,552
Step-by-step explanation:
Year one:
35% of $25,500 = $8,925
$25,500 - $8,925 = $16,575
Year two:
35% of $16,575 = $5,801.25
$16,575 - $5,801.25 = $10,773.75
Year three:
35% of $10,773.75 = $3,770.8125
$10,773.75 - $3,770.8125 = $7,002.9375
Year four:
35% of $7,002.9375 = $2,451.028125
$7,002.9375 - $2,451.028125 = $4,551.909375
Round if allowed/needed:
Thousandth place: $4,551.909
Hundredth place: $4,551.91
Tenth place: $4,551.91
Nearest whole number: $4,552