Question

Brian buys a computer for £2100.
It depreciates at a rate of 1% per year.
How much will it be worth in 6 years?
Give your answer to the nearest penny where appropriate.​

Answer 1

Answer:

£1977.10

Explanation:

Present price of machine = £2100

Rate of depreciation = 1%

Hence, price after 6 years = £2100 x $(99/100)^{6}$ = £1977.10

Answer 2

£1977.10

Present price of machine = £2100

Rate of depreciation = 1%

= £1977.10

Hence, price after 6 years = (99 / 100)^6

£2100 x