Haley is at the store buying some supplies for an art project. She decides to buy some colored pencils for $3.95 and a drawing t
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Original price of the laptop = P = $600
Rate of depreciation = r = 10% = 0.10
Time in years = t = 2
We have to find the worth of the laptop after 2 years. The given formula is:
Using the given values, we get:
Thus, the laptop will worth $486 in two years