Kronos Industries bought a desktop for $3,000. It is expected to depreciate at a rate of 10% per year. What will the value of th

Question

Mariulka [41]

3 years ago

12

Kronos Industries bought a desktop for $3,000. It is expected to depreciate at a rate of 10% per year. What will the value of th

e desktop be in 4 years? Round to the nearest dollar.

Mathematics

1 answer:

kolbaska11 [484] · Answer 1 · 2022-04-11T13:36:22+03:00

Answer:

$1968

Step-by-step explanation:

It will depreciate by 10% 4 times, which means that the result in the end will be <em>$3000 * (100% - 10%) * (100% - 10%) * (100% - 10%) * (100% - 10%)</em>, or, put simply, <em>x = $3000 * (0.9)⁴</em>.

Power: x = $3000 * 0.6561

Multiply: x = 1968.3 ≈ $1968