Question

You buy a new television for $3,100. The value of the television decreases by 12 percent every year. How much is the television worth after 6 years?

Answer 1

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Answer 2

$1439.65

Explanation:

Initial price= $3100

Decrease rate= 12% per year

Value at the end of 6 years= $3100*((100-12)/100)^6= 3100*0.88^6= $1439.65