Got Homework?
Connect with other students for help. It's a free community.
Here's the question you clicked on:
← 55 members online
 0 viewing
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
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

This Question is Closed

satellite73Best ResponseYou've already chosen the best response.2
loses 25% of its value means it retains 75% of its value use \(175\times .75^t\)
 one year ago

srev98Best ResponseYou've already chosen the best response.0
eqquation close to p=(1+r/100)^n n=number of years compound interest
 one year ago

satellite73Best ResponseYou've already chosen the best response.2
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
See more questions >>>
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.