A new laptop cost £785 The value of the laptop decreases at a rate of 7% per year. Work out the value of the phone at the end of 3 years.

Question

asked Jun 11, 2024 155k views

1 Answer

Vebbie · Answer 1 · 2024-06-17T13:06:57+0000

Answer:

£631.42

Explanation:

Year 1: £785 - (7/100) * £785 = £730.05

Year 2: £730.05 - (7/100) * £730.05 = £678.95

Year 3: £678.95 - (7/100) * £678.95 = £631.42