Mandy bought a desktop computer system to start her business from home for $4,995. It is expected to depreciate at a rate of 10%
per year. After how many years will the value of her home computer system depreciates to approximately $2150
1 answer:
Answer:
8.43 years
Step-by-step explanation:
Given data
Cost price P= $4995
Rate r= 10%
FInal amount A= $2150
The expression for the time/duration is given as
t= ln(A/p)/r
t= ln(2150/4995)/0.1
t= ln(0.430)/0.1
t= 0.843/0.1
t= 8.43
Hence the time it will take is 8.43 years
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