Answer:
Step 1:
Let x = number of years
Let y = Value of the laptop after x years
Step 2:
Write an equation that expresses the value of the laptop after x years y = 0.8((4700)x)
Step 3:
Set the equation equal to 1000 and solve for x
1000 = 0.8((4700)x)
1 = 0.8(4700)x
1/0.8 = 4700x
1.25 = 4700x
x = (1.25/4700)
Answer: The laptop will be worth $1000 or less after 0.0026608 years.