A laptop computer is purchased for $3600. Each year, its value is 70% of its value the year before. After how many years will the laptop computer be worth

Question

A laptop computer is purchased for $3600. Each year, its value is 70% of its value the year before. After how many years will the laptop computer be worth
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Solution 1

The problem is asking for the number of years it will take for the laptop's value to depreciate to a certain amount. This is a geometric sequence problem where the initial term (a) is $3600 and the common ratio (r) is 0.70 (70%).

The formula for the nth term of a geometric sequence is:

a_n = a * r Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob

Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

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