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

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Jaymz asked Dec 10, 2023

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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

Mathematics
high-school

Jaymz asked Dec 10, 2023

by Jaymz

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22 votes

Answer:

≈ $2231

Explanation:

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

= 3400(1-10%)^4

≈ $2230.74

≈ $2231

Ben Ford answered Dec 17, 2023

by Ben Ford

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