Question

Sophie's computer is depreciating at a rate of 3% per year. She bought the computer for $1200. What will the computer's value be after 5 years?

Plz help!

Answer 1

well first you would find out what 3% is

`1200 * .03`
then multiply the answer by 5

`x * 5`
the subtract that from 1200

`1200 - y`
the answer should come out as 1020.