SOLUTION: PLEASE HELP ME PLEASE !
The Griffins bought a netbook for $250. It the small computer depreciates at a rate of 25% a year, what will it be worth after 3 years?
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The Griffins bought a netbook for $250. It the small computer depreciates at a rate of 25% a year, what will it be worth after 3 years?
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Question 478240: PLEASE HELP ME PLEASE !
The Griffins bought a netbook for $250. It the small computer depreciates at a rate of 25% a year, what will it be worth after 3 years? Answer by Alan3354(69443) (Show Source):
You can put this solution on YOUR website! The Griffins bought a netbook for $250. It the small computer depreciates at a rate of 25% a year, what will it be worth after 3 years?
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Each year, it's worth 75% of what it was, = 0.75*W (W = worth)
1st yr: 250*0.75 = $187.50
2nd yr: 187.5*0.75 = $140.625
3rd yr: 140.625*0.75 = $105.47
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Or,
