Question

Select the correct answer from each drop-down menu. Javier purchased a digital camera for $384. The value of the camera depreciates by 25% every year. This situation represents . The rate of growth or decay, r, is equal to . So the value of the camera each year is times the value in the previous year. It will take years for the value of the camera to reach $162.

Answer 1

Answer:

it will take 3 yrs for the value of camera to reach $162.

Step-by-step explanation:

Pd = P(1-R/100)^T

162 = 384(1-25/100)^T

162/384 = (3/4)^T

27/64 = (3/4)^T

(3/4)^3 = (3/4)^T

T = 3