kaylid0114
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You are going to sell your Samsung so you can get the new iPhone. You purchased your Samsung 2 years ago for $200. It's
value decreases at a rate of 2% each month. To the nearest dollar, how much is your Samsung worth now?

Respuesta :

Alfpfeu

Answer:

[tex]\boxed{\ 123 \ dollars\ }[/tex]

Step-by-step explanation:

its value decreases at a rate of 2% each month

in 2 years there are 12*2=24 months

so the Samsung worth [tex]200(0.98)^{24}\\[/tex]

it gives 123 rounded to the nearest dollar

mhanifa

Answer:

$123

Step-by-step explanation:

initial price= $200

value decrease rate= 2% = 0.98 times a month

time = 2 years

current value= $200*0.98²⁴= $123

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