Question

a laptop computer is purchased for $1750. After each year it decreases by 30%. what will the resale value be after 3 years.

Answer 1

Purchase 1,150
Year 1 = $1,150 - (1,150 * .35) = 745.50
Year 2 = $745.50 - (745.50 * .35) = 485.86
Year 3 = $485.86 - ($485.86 * .35) = 315.82