Question

A laptop computer is purchased for $1500 . After each year, the resale value decreases by 35% . What will the resale value be after 4 years?

Answer 1

To do it you have to find 35% of 1500 by multipling 1500 by 0.35 to get 526. Then subtract that fron 1500 and contine on but with the answer fron the previous one your answer so like this:

1500 x 0.35 = 526

1500 - 526 = 974

974 x 0.35 = 340.9

974 - 340.9 = 633.1

633.1 x 0.35 = 221.59

633.1 - 221.59 = 411.51

411.51 x 0.35 = 144.03

411.51 - 144.03 = 267.48


SO THE ANSWER WOULD BE 267.48.

Hope you understand....