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The price of a computer component is decreasing at a rate of 15% per year. If the component costs $110 today, what will it cost in 3 yrs?
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The price of a computer component is decreasing at a rate of 15% per year. If the component costs $110 today, what will it cost in 3 yrs?

User Ilya Tchivilev
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1 Answer

4 votes
A = p(1 - .15)^t
A = 110(.85)^3
A = $67.55
User Tinonetic
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