Answer:
In 6 years, the cost of the computer would be £3581.2
Step-by-step explanation:
Brian buys a computer for £4300.. This means that the initial cost of the computer is £4300. It depreciates at a rate of 3% per year. Therefore, rate,
r = 3/100 = 0.03
Let x represent the amount that the computer depreciates to after t years. Therefore
Current amount = initial amount(1 - rate)^time. Therefore,
x = 4300(1 - 0.03)^6
x = 4300(0.97)^6 = £3581.2
