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Merlin industries bought a laptop for $2100. It is expected to depreciate at a rate of 14% per year. What will the value of the laptop be in 5 years? Round to the nearest dollar.

Respuesta :

jamylovesdonuts

14% = 0.14

 

V = 2100(1 - 0.14)^5

V = 2100(0.86)^5

V = 987.8967

V = 987.90 (rounded)

 

The laptop will be worth $987.90 after 5 years

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