Emma pays $2,600 for a washer/dryer combo. Each year, the appliance loses 15% of its resale value. How much will it be worth in 4 years?

Question

Emma pays $2,600 for a washer/dryer combo. Each year, the appliance loses 15% of its resale value. How much will it be worth in 4 years?
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Solution 1

To calculate the value of the washer/dryer combo after 4 years, we need to apply the annual depreciation rate of 15% to the initial value of $2,600 for each of the 4 years.

Here are the steps:

  1. Calculate the annual depreciation amount: 15/100 * $2,600 = $390. This is how much value the washer/d 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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