Question

A computer valued at $4,500 depreciates at the rate of 12.2% per year. What is the value of the computer after 3 years?

Answer 1

The computer would be valued at $3045.76.
When you multiply $4500 by 12.2%, you get 549. You subtract that from the initial price and get $3951.
You do that 2 more times and eventually get $3045.76.

Answer 2

13,463.4?maybe what we’re the answer choices