Question

Zeus Industries bought a computer for $2740. It is expected to depreciate at a rate of 24% per year. What will the value of the computer be in 3 years?

Round to the nearest penny. Do not type the "$" sign in your answer

Answer 1

The formula is
A=p (1-r)^t
A ?
P 2740
R 0.24
T 3years

A=2,740×(1−0.24)^(3)
A=2,740×(0.76)^(3)
A=1,202.8 round your answer to get
A=1203