SOLUTION: tom spent 600$ on a new camera. He read that the depreciation rate for his camera is 28%. how much should tom expect to sell after 3 years.

SOLUTION: tom spent 600$ on a new camera. He read that the depreciation rate for his camera is 28%. how much should tom expect to sell after 3 years.

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Question 976559: tom spent 600$ on a new camera. He read that the depreciation rate for his camera is 28%. how much should tom expect to sell after 3 years.
Answer by Cromlix(4381) (Show Source): You can put this solution on YOUR website!
100 - 28 = 72% = 0.72
3 years 0.72^3
Multiply $600 by 0.72^3
= $223.95.
This is what Tom would expect to sell
the camera for after 3 years.
Hope this helps:-)
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