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12 August, 01:28

Matthew bought a laptop for $34,000 in the year 2008. Its value depreciates by 4% per year. What is the

value of laptop in 2011?

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  1. 12 August, 01:39
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    The value of the laptop in 2011 will be $29920

    Step-by-step explanation:

    Cost of the laptop = $34000

    Rate of decrease in value per year = 4%

    Total time = 3 years

    The Value decrease in 2011 = (34000 x 4 x 3) / 100

    = $4080

    The value of the laptop in 2011 = 34000-4080

    = $29920

    The value of the laptop in 2011 will be $29920
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