SOLUTION: Maria bought a laptop computer for $850. The value of the computer depreciates about 25% each year. After 3 years, she decides to sell it to her younger brother. What is a fair pri

Algebra ->  Finance -> SOLUTION: Maria bought a laptop computer for $850. The value of the computer depreciates about 25% each year. After 3 years, she decides to sell it to her younger brother. What is a fair pri      Log On


   

Question 1155929: Maria bought a laptop computer for $850. The value of the computer depreciates about 25% each year. After 3 years, she decides to sell it to her younger brother. What is a fair price for the computer?
Answer by ikleyn(52790) About Me  (Show Source):
You can put this solution on YOUR website!
.

The depreciated value is  850%2A%281-0.25%29%5E3 = 850%2A0.75%5E3 dollars.


Use your calculator.