Question

You buy a new computer for $1,500. The value of the computer decreases by 6%

Answer 1

Answer:

Hey there!

Each year, the computer is (100-6), or 94% of it's original value.

Thus, we have:

Original: 1500

First year: 1500(0.94)

Second year: 1500(0.94)(0.94)

Third year: 1500(0.94)(0.94)(0.94)

Fourth year: 1500(0.94)(0.94)(0.94)(0.94)

Fourth year: 1171 dollars.

Hope this helps :)

Answer 2

Answer:

$1171.05

Step-by-step explanation:

1500 × (1-(6 / 100))⁴