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A laptop computer is purchased for $2500. After each year, the resale value decreases by 25%. What will the resale value be after 5 years?

Use the calculator provided and round your answer to the nearest dollar.

Respuesta :

alinakincsem

Answer:

$593.26

Step-by-step explanation:

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 = [tex]\frac{75}{100} *2500 =[/tex] $1875

for 2nd year =  [tex]\frac{75}{100} *1875 =[/tex] $1406.25

for 3rd year =  [tex]\frac{75}{100} *1406.25 =[/tex] $1054.7

for 4th year =  [tex]\frac{75}{100} *1054.7 =[/tex] $791.01

for 5th year =  [tex]\frac{75}{100} *791.01 =[/tex] $593.25

Or we can use the following formula to find its resale value after 5 years:

[tex]2500*(0.75)^5 =[/tex] $593.26

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