Ray industries bought a touchscreen monitor for $1200 it is expected to depreciate at a rate of 25% per year what was the value of the monitor be in three years round to the nearest dollar

So for this problem, we will be using the exponential equation format, which is y = ab^x. The a variable is the initial value, and the b variable is the growth/decay.

Since our touchscreen starts off at a value of 1200, that will be our a variable.

Since the touchscreen is decaying in value by 25%, subtract 0.25 (25% in decimal form) from 1 to get 0.75. 0.75 is going to be your b variable.

In this case, time is our independent variable. Since we want to know the value 3 years from now, 3 is the x variable.

Using our info above, we can solve for y, which is the cost after x years.

In context, after 3 years the touchscreen will only be worth $506.

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step-by-step explanation:

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