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Mia buys a tablet in $500. and plans to sell it in 2 years. the tablet value is projected to decrease for 40% per year. for how much Mia is expected to sell her tablet?

Respuesta :

BillyWong422

Answer:

$100

Step-by-step explanation:

$500 x [tex](1-40-40[/tex]%[tex])\\[/tex]

= $500 x 20%

= $100

$ 100 is for Mia expected.

Lanuel

Mia is expected to sell her tablet for $100 because its value is projected to decrease for 40% per year.

Given the following data:

  • Cost of tablet = $500
  • Time = 2 years
  • Depreciation rate = 40% per year = 0.4

To find how much Mia is expected to sell her tablet:

First of all, we would determine the depreciation for the two year.

[tex]Two \;years = 0.4(2) = 0.8[/tex]

The depreciation cost:

[tex]500[/tex] × [tex]0.8 = 400[/tex]

Now, we would solve for the selling price by using the formula:

[tex]Selling\;price = Cost\;price - Depreciation\;cost\\\\Selling\;price = 500 - 400[/tex]

Selling price = $100

Therefore, Mia is expected to sell her tablet for $100 because its value is projected to decrease for 40% per year.

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