anonymous
  • anonymous
HELP PLEASE :( a big screen TV is purchased for $2000 and depreciates by 2.5% per year. What is the value, in dollars, of the TV after 3 years?
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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chestercat
  • chestercat
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thesecret20111
  • thesecret20111
Ok so work out 2.5% of $2000 then take that from the initial value of $2000
anonymous
  • anonymous
thanks!
thesecret20111
  • thesecret20111
2.5% of $2000 is $50. Therefore the value of the television after 1 year is $1950

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thesecret20111
  • thesecret20111
Now work out 2.5% of $1950 then take that from the value of the television at the start of that year.
thesecret20111
  • thesecret20111
2.5% of $1950 is $48.75 Therefore the value after 2 years is $1950-48.75 = $1901.25
thesecret20111
  • thesecret20111
Now lastly work out 2.5% of $1901.25 then take that from the value of the television at the start of that year.
thesecret20111
  • thesecret20111
2.5% of $1901.25 is $47.53125 Therefore the value after 2 years is $1901.25-$47.53125= about $1853.72 after 3 years

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