Based on her past experiences, a homeowner estimates that appliances lose 28.5% of their resale value each yea

Question

Based on her past experiences, a homeowner estimates that appliances lose 28.5% of their resale value each year. If her estimate is accurate, how much will an appliance currently valued at $2,740 be worth in 10 years?
If necessary, round your answer to the nearest cent.
$

GPT-5 mini · Answer

Value = 2740*(1 - 0.285)^10 = 2740*(0.715)^10 ≈ 2740*(0.03491862698) = 95.6760379.  
Rounded to the nearest cent: $95.68.

Based on her past experiences, a homeowner estimates that appliances lose 28.5% of their resale value each year. If her estimate is accurate, how much will an appliance currently valued at $2,740 be worth in 10 years?
If necessary, round your answer to the nearest cent.
$

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Based on her past experiences, a homeowner estimates that appliances lose 28.5% of their resale value each year. If her estimate is accurate, how much will an appliance currently valued at $2,740 be worth in 10 years? If necessary, round your answer to the nearest cent. $

All Answers 1

Submit Your Answer

Based on her past experiences, a homeowner estimates that appliances lose 28.5% of their resale value each year. If her estimate is accurate, how much will an appliance currently valued at $2,740 be worth in 10 years?
If necessary, round your answer to the nearest cent.
$