2020 to the square root of 6
1 answer:
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<u>Answer:</u>
$593.26
<u>Step-by-step explanation:</u>
We know that the price of the laptop is $2500 and each year its resale value decreases by 25%. It means that 100 - 25 = 75% of the value is retained every year for the resale.
So, the resale value for 1st year = $1875
for 2nd year = $1406.25
for 3rd year = $1054.7
for 4th year = $791.01
for 5th year = $593.25
Or we can use the following formula to find its resale value after 5 years:
$593.26