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16 July, 17:57

Alex buys a top of the line computer. He did not realize that the computer would lose value so fast. If his computer cost $1800.00 and it depreciates at a rate of 45% each year, in how many years will it be worth less than 1/3 of what he paid for it?

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  1. 16 July, 18:25
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    This can be solve by using the formula

    D = P (1 - i) ^n

    Where d is the depreciation value after n years

    P is the initial value

    i is the depreciation rate

    n is the years

    D = 1/3 (1800)

    D = 600

    So

    600 = 1800 (1 - 0.45) ^n

    Solve for n

    N = 1.83 years
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