SOLUTION: please help A laptop computer is purchased for $2350. After each year, the resale value decreases by 25%. What will the resale value be after 3 years? Round to the nearest do

Question 1173105: please help
A laptop computer is purchased for $2350. After each year, the resale value decreases by 25%. What will the resale value be after 3 years?
Round to the nearest dollar.
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
the resale value after n years is (1-0.25)^n
so after 3 years it is 0.75^3
the original purchase was $2350
the price after 3 years is $2350*(0.75^3)
=$991.41
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after 1 year it is 3/4 as much, after 2 years, 9/16, and after three years 27/64.
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