Question

Eros Industries bought a laser printer for $3400. It is expected to depreciate at a rate of 10% per year. What will the value be in 4 years? Round to the nearest dollar

Answer 1

≈ $2231

Explanation:

3400(1-10%)(1-10%)(1-10%)(1-10%)

= 3400(1-10%)^4

≈ $2230.74

≈ $2231