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Brian buys a computer for £1600. It depreciates at a rate of 4% per year. How much will it be worth in 3 years? Give your answer to the nearest penny where appropriate.

Respuesta :

Answer:

amount = £1415.57  

Step-by-step explanation:

given data

computer buy = £1600

depreciates rate = 4% per year

time = 3 year

                                       

solution  

we get here amount that is express here as

amount = P × [tex](1-r)^{t}[/tex]    ...................................1                                    

here r is rate and t is time put here value

amount will  be              

amount = 1600 × [tex](1-0.04)^{3}[/tex]  

solve it we get

amount = £1415.57  

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