Brian buys a computer for £3600. It depreciates at a rate of 5% per year. How much will it be worth in 2 years? Give your answer to the nearest penny where appropriate.

£3591

Step-by-step explanation:

Brian buys a computer for £3600. It depreciates at a rate of 5% per year. How much will it be worth in 2 years? Give your answer to the nearest penny where appropriate.

The formula for Depreciation rate =

P = Po × e^-rt

P = Amount after depreciation

Po = Initial amount = £ 3600

r = depreciation rate = 5% = 0.05

t = time in years = 2

Hence:

P = £3600 × e ^ -0.05 × 2

P =£ 3600 × e-0.0025

P = £ 3591.0112406

Approximately = £3591

answer:  

123455421

step-by-step explanation: easy

the correct answer is 1: 2

step-by-step explanation:

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