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A computer valued at $4,500 depreciates at the rate of 12.2% per year. What is the value of the computer after 3 years?

A computer valued at $4,500 depreciates at the rate of 12.2% per year. What is the value of the computer after 3 years?
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A computer valued at $4,500 depreciates at the rate of 12.2% per year. What is the value of the computer after 3 years?

User Omid Roshani
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2 Answers

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13,463.4?maybe what we’re the answer choices
User Abra
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The computer would be valued at $3045.76.
When you multiply $4500 by 12.2%, you get 549. You subtract that from the initial price and get $3951.
You do that 2 more times and eventually get $3045.76.
User Imelgrat
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8.5k points
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