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Caressa96
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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?
 2 years ago
 2 years ago
Caressa96 Group Title
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?
 2 years ago
 2 years ago

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

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

satellite73 Group TitleBest 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
 2 years ago

srev98 Group TitleBest ResponseYou've already chosen the best response.0
well done satellite
 2 years ago

Caressa96 Group TitleBest ResponseYou've already chosen the best response.0
Thanks guys.(:
 2 years ago
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