Question

A laptop computer is purchased for $1400. After each year, the resale value decreases by 35%. What will the resale value be after 4 years?

(Round to the Nearest dollar)

Answer 1

The resale value of the laptop after each year is calculated by multiplying the previous value by 0.65 (100% - 35% = 65%). After 4 years the resale value will be $250.