SOLUTION: Zeus Industries bought a computer for $2681. It is expected to depreciate at a rate of 18% per year. What will the value of the computer be in 4 years?
Round to the nearest pen
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Question 981573: Zeus Industries bought a computer for $2681. It is expected to depreciate at a rate of 18% per year. What will the value of the computer be in 4 years?
Round to the nearest penny.
Answer by Cromlix(4381) (Show Source): You can put this solution on YOUR website!
Hi there,
100% - 18% = 82%
82% = 82/100 = 0.82
0.82 is the depreciation factor.
$2681 x 0.82^4 = $1212.14
Hope this helps:-)
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