Question

A laptop computer is purchased for $2350. After each year, the resale value decreases by 35% . What will the resale value be after 4 years?

Answer 1

$\qquad \textit{Amount for Exponential Decay} \\\\ A=P(1 - r)^t\qquad \begin{cases} A=\textit{current amount}\\ P=\textit{initial amount}\dotfill &2350\\ r=rate\to 35\%\to \frac{35}{100}\dotfill &0.35\\ t=years\dotfill &4\\ \end{cases} \\\\\\ A=2350(1 - 0.035)^{4}\implies A=2350(0.965)^4\implies A\approx 2037.87$