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Caressa96

Question: A smartphone currently is worth $175 and depreciates at 25% per year. What will the value be in 3 years? What equation do I use to solve this?

  • one year ago
  • one year ago

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  1. satellite73
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    loses 25% of its value means it retains 75% of its value use \(175\times .75^t\)

    • one year ago
  2. srev98
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    eqquation close to p=(1+r/100)^n n=number of years compound interest

    • one year ago
  3. satellite73
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    or if you prefer \(175\times (\frac{3}{4})^t\) either way you want \(175\times (.75)^3\) and a calculator is needed for this one

    • one year ago
  4. srev98
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    well done satellite

    • one year ago
  5. Caressa96
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    Thanks guys.(:

    • one year ago
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