A community for students.
Here's the question you clicked on:
← 55 members online
 0 viewing
Caressa96
 3 years ago
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?
Caressa96
 3 years ago
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?

This Question is Closed

satellite73
 3 years ago
Best ResponseYou've already chosen the best response.2loses 25% of its value means it retains 75% of its value use \(175\times .75^t\)

srev98
 3 years ago
Best ResponseYou've already chosen the best response.0eqquation close to p=(1+r/100)^n n=number of years compound interest

satellite73
 3 years ago
Best ResponseYou've already chosen the best response.2or 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
Ask your own question
Sign UpFind more explanations on OpenStudy
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.