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Zeus Industries bought a computer for $2593. It is expected to depreciate at a rate of 30% per year. What will the value of the computer be in 3 years?
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Zeus Industries bought a computer for $2593. It is expected to depreciate at a rate of 30% per year. What will the value of the computer be in 3 years?

User ColemanTO
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1 Answer

4 votes
First year:
.3 x 2593 = 777.9

$2593 - $777.90 = $1815.10

Second year:
.3 x 1815.10 = 544.53

$1815.10 - $544.53 = $1270.57

Third year:
.3 x 1270.57 = 381.171

$1270.57 - $381.171 = $889.39900

$889.39900 rounded to the nearest hundredth is $889.40
User Wkzhu
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