Brian buys a computer for £4300. It depreciates at a rate of 3% per year. How much will it be worth in 6 years? Give your answer to the nearest penny where appropriate.

3526

Step-by-step explanation:

4300*3%=129

129*6=774

4300_774 = 3526

In 6 years, the cost of the computer would be £3581.2

Step-by-step explanation:

Brian buys a computer for £4300 ... This means that the initial cost of the computer is £4300. It depreciates at a rate of 3% per year. Therefore, rate,

r = 3/100 = 0.03

Let x represent the amount that the computer depreciates to after t years. Therefore

Current amount = initial amount (1 - rate) ^time. Therefore,

x = 4300 (1 - 0.03) ^6

x = 4300 (0.97) ^6 = £3581.2