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Bob just read that his computer, which costs $2,800 new, loses 15% of its value every year. If this estimate is accurate, how much will the computer be worth in 12 years? If necessary, round your answer to the nearest cent.

$_____

Respuesta :

Answer:

The computer will be worth $398.27 after 12 years.

Step-by-step explanation:

Cost of new computer = P = $2,800

Rate of loss per year = r =  15%

Time period in years = t = 12

[tex]A = P (1 - r)^t[/tex]

[tex]A = 2800(1-0.15)^{12}[/tex]

[tex]A = 2800(0.85)^{12}[/tex]

[tex]A = 2800*0.14224[/tex]

[tex]A = 398.27[/tex]

So after 12 years the computer will be $398.27 of worth.

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