Question

Brian buys a computer for £900.
It depreciates at a rate of 2% per year.
How much will it be worth in 2 years?
Give your answer to the nearest penny where appropriate.

Answer 1

Answer:

£864.36

Step-by-step explanation:

putting the formula

P(1-r/100)^n

=900(1-2/100)^2

=900*(0.98)^2

=900* 0.9604

=864.36