Brian buys a computer for £3100. It depreciates at a rate of 5% per year. How much will it be worth in 5 years?
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Answered by
0
Answer:
3100/5×5%
=31 ans
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Answered by
0
Answer:
9 years
Step-by-step explanation:
The decimal multiplier of 5% is 0.05
1.00 - 0.05 = 0.95
£3100 * 0.95 = £2945
^ We must do this 9 times as shown below:
£3100 * 0.95^9 = £1953.77317015 rounded to £1953.77
This means that it took 9 years for the value of money for fall below £2000.
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