SOLUTION: Zeus Industries bought a computer for $2614. It is expected to depreciate at a rate of 19% per year. What will the value of the computer be in 4 years?

Algebra ->  Exponential-and-logarithmic-functions -> SOLUTION: Zeus Industries bought a computer for $2614. It is expected to depreciate at a rate of 19% per year. What will the value of the computer be in 4 years?       Log On


   

Question 982885: Zeus Industries bought a computer for $2614. It is expected to depreciate at a rate of 19% per year. What will the value of the computer be in 4 years?




Found 2 solutions by reviewermath, t0hierry:
Answer by reviewermath(1029) About Me  (Show Source):
You can put this solution on YOUR website!
Zeus Industries bought a computer for $2614. It is expected to depreciate at a rate of 19% per year. What will the value of the computer be in 4 years?
Solution:
Value after 4 years =%282614%29%281-0.19%29%5E4 = $highlight%281125.24%29

Answer by t0hierry(194) About Me  (Show Source):
You can put this solution on YOUR website!
After one year, the value of the computer is 81% of $2614.
After four years, it is (0.81)^4 times 2614 = $1125