Question

A business purchases a computer system for $3,000. The value of the

system decreases at a rate of 15% per year. What is the computer system
value after 5 years?

Answer 1

Answer: $6335.76

Explanation:

you would do 3,000 times 105% = 3450

then you would do 3450 times 105% = 3967.5 then you would do 3967.5 times 105% = 4562.62 then you would do 4562.62 times 105% = 5247.01 next you would do 5247.01 times 105% = 6034.06 finally you would do 6034.06 times 105% = 6335.76