To solve this problem, we need to calculate the depreciation of the tent's value each year for 3 years.

Step 1: Understand the problem
The tent's value depreciates by 11% each year. This means that each year, the tent's value is 89% (100% - 11%) of the previous year's value.

Step 2: Calculate the value after the first year
After the first year, the tent's value will be 89% of $854. So, we calculate 854 * 0.89 = $759.86.

Step 3: Calculate the value after the second year
After the second year, the tent's value will be 89% of the value after the first year. So, we calculate 759.86 * 0.89 = $676.27.

Step 4: Calculate the value after the third year
After the third year, the tent's value will be 89% of the value after the second year. So, we calculate 676.27 * 0.89 = $601.48.

So, the tent will be worth approximately $601.48 in 3 years.

Question

To solve this problem, we need to calculate the depreciation of the tent's value each year for 3 years.

Step 1: Understand the problem
The tent's value depreciates by 11% each year. This means that each year, the tent's value is 89% (100% - 11%) of the previous year's value.

Step 2: Calculate the value after the first year
After the first year, the tent's value will be 89% of $854. So, we calculate 854 * 0.89 = $759.86.

Step 3: Calculate the value after the second year
After the second year, the tent's value will be 89% of the value after the first year. So, we calculate 759.86 * 0.89 = $676.27.

Step 4: Calculate the value after the third year
After the third year, the tent's value will be 89% of the value after the second year. So, we calculate 676.27 * 0.89 = $601.48.

So, the tent will be worth approximately $601.48 in 3 years.

Knowee AI · Accepted Answer

To solve this problem, we need to calculate the depreciation of the tent's value each year for 3 years.

Step 1: Understand the problem
The tent's value depreciates by 11% each year. This means that each year, the tent's value is 89% (100% - 11%) of the previous year's value.

Step 2: Calculate the value after the first year
After the first year, the tent's value will be 89% of $854. So, we calculate 854 * 0.89 = $759.86.

Step 3: Calculate the value after the second year
After the second year, the tent's value will be 89% of the value after the first year. So, we calculate 759.86 * 0.89 = $676.27.

Step 4: Calculate the value after the third year
After the third year, the tent's value will be 89% of the value after the second year. So, we calculate 676.27 * 0.89 = $601.48.

So, the tent will be worth approximately $601.48 in 3 years.

QuestionGabi buys a new tent for $854. She knows that the value of the tent will depreciate 11% each year. How much will it be worth in 3 years? Give your answer to two decimal places. It will be worth $ in 3 years.

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