Question

Computers depreciate rapidly. If a new computer that costs $1200 loses 40% of its value every year, what is its worth 5 years from now?

Answer 1

Answer:

$96

Step-by-step explanation:

 $f(x)= a(1-r)^x$

a= initial amount

x= time in years

r= decay rate

$f(x)= 1,200(1-0.4)^5$ ≈

$f(x)= 96$