A computer is purhcased for 980 pounds.Its value will decrease by 4% per year.How much will it be worth in 2 years time.

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A computer is purhcased for 980 pounds.Its value will decrease by 4% per year.How much will it be worth in 2 years time.

Mathematics
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Can you tell me its value at the end of 1 year?
thats what i am struggling on @Mashy

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after the first year the value of the computer is: \[\Large 980 - \left( {\frac{4}{{100}} \cdot 980} \right) =940.8\] and after the second year the value of the computer is: \[\Large 940.8 - \left( {\frac{4}{{100}} \cdot 940.8} \right) = ...?\]
the second year is 37.632 i think , I did 4/100 multiplied by 940.80
am I also meant to subtract somewhere @Michele_Laino
now, you have to do this subtraction: \[\Large 970.8 - 37.63 = ...?\]
oops.. \[\Large 940.8 - 37.63 = ...?\]
903.17
yes!
is that the answer?
yes!
how did you get 4/100 multiplied by 980 as 940.8 @Michele_Laino
i got 39.2 @Michele_Laino
since we have to do this subtraction: \[\Large 980 - \left( {\frac{4}{{100}} \cdot 980} \right) = 980 - 39.2 = 940.8\]
why do we have to do a subtraction ?
because the value of the computer is decreasing from its original value
why did we have to do 4 percent of 940.8 as well as 4 percent of 980 @Michele_Laino
thanks for the reply for my first query
since at the end of one year, the value of the computer is decreased by 4% from its starting value. Now the starting value at the first year is $980.00, whereas the starting value at the beginning of the second year is $940.80
:)
thanks
:)

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