Assuming a 2.5% discount will apply , what is the net price of an invoice for $1,275.55 ?a) $1,136.66 b) $1,243.66 c)$1,250.00 d
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As per the problem,
Rhonda bought a new laptop for $800.
The laptop depreciates, or loses, 20% of its value each year.
The value of the laptop at a later time can be found using the formula
Here we have
P=$800
r=20%=0.20
t=2 years
Substitute the values in equation (1) we get
The laptop be worth in two years will be $512.