A stereo system cost $4,800. It depreciates 12% a year. How much is the system worth after 2 years?

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Ruediste asked Mar 27, 2022

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A stereo system cost $4,800. It depreciates 12% a year. How much is the system worth after 2 years?

Mathematics
college

Ruediste asked Mar 27, 2022

by Ruediste

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27 votes

Explanation:

3717.21$ is the system worth after 2 years

Jayson answered Mar 28, 2022

by Jayson

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14 votes

Answer:

$3717.12

Explanation:

The depreciation per year is 100% - 12% = 88% = 0.88

value after 2 years = $4800 ( 0.88)² = $3717.12

Jacob Lauritzen answered Mar 31, 2022

by Jacob Lauritzen

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