Barry just read that his computer, which costs 1,300 new, loses 25% of its value every year. If this estimate is accurate, how much will the computer be worth in 15 years?

Solution

Barry just read that his computer, which costs 1, 300 new, loses 25% of its value every year. If this estimate is accurate, how much will the computer be worth in 15 years?

Solution

Amount : 6175

Solution steps

Translate the problem into an equation:

A = 1300 (1 + 0.25 \cdot 15)

1300 (1 + 0.25 \cdot 15) = 6175

Amount : 6175

Popular Examples

Brooklyn invested 25,000 in an account paying an interest rate of 6.8% compounded monthly. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account to reach 65,500?Two less than four times a number is ten Sophia invested 79,000 in an account paying an interest rate of 6.8% compounded continuously. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account to reach 152,800?The circumference of a circle is 22pi m. What is the area, in square meters? Express your answer in terms of pipi.A rectangle has one side of 11 cm. How fast is the area of the rectangle changing at the instant when the other side is 12cm and increasing at 5cm per minute?