Question

A business owner has just paid $6000 for a computer. It depreciates at a rate of 22% per year. How much will it be worth in 5 years.

Answer 1

It will be worth $1732.30.

Explanation:

After 1 year : 6000 x .78 = 4680

2 yr - 4680 x .78 = 3650.4

3 yr - 3650.4 x .78 = 2847.312

4 yr - 2847.312 x .78 = 2220.90336

5 yr - 2220.90336 x .78 = 1732.304621

1732.30

I think this is what it was asking