A laptop computer is purchased for $1000. After each year, the resale value decreases by 30%. What will the resale value be after 5 years

Question

use the calculator provided and round your answer to the nearest dollar.

Answer 1

The 0.70 factor is applied each year (representing 30% reduction of then current value): 

final value = 0.7⁵•original value = $168.07