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Finger
3 months ago
5

Brian buys a computer for £4300. It depreciates at a rate of 3% per year. How much will it be worth in 6 years? Give your answer

to the nearest penny where appropriate.
Mathematics
2 answers:
Zina [12.3K]3 months ago
7 0

Answer:

The computer will be valued at £3581.2 after 6 years

Step-by-step explanation:

Brian purchases a computer for £4300. The starting price is £4300, depreciating at a rate of 3% annually. Hence, the rate is,

r = 3/100 = 0.03

Let x denote the amount of depreciation after t years. Therefore

Current amount = initial amount(1 - rate)^time. Thus,

x = 4300(1 - 0.03)^6

x = 4300(0.97)^6 = £3581.2

Inessa [12.5K]3 months ago
4 0

Answer:

3526

Step-by-step explanation:

To calculate: 4300×3%=129

Then: 129×6=774

Finally: 4300-774= 3526

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