Question

Zeus Industries bought a computer for $2471. It is expected to depreciate at a rate of 30% per year. What will the value of the computer be in 4 years?

Answer 1

2471 * 0.3 = 741.3

2471-741.3 = 1729.7=Year 1


1729.7 * 0.3 = 518.91

1729.7 - 518.91 = 1210.79 = Year 2


1210.79 * 0.3 = 363.237

1210.79 - 363.237 = 847.553 = Year 3


847.553 * 0.3 = 254.2659

847.553 - 254.2659 = 593.2871 = Year 4

593.2871 is the answer.


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