Solved: A desktop computer depreciates by $15\%$ each year. If its initial value is $\text{N}200,000$, find its value after 2 ye...

Question

A desktop computer depreciates by $15\%$ each year. If its initial value is $\text{N}200,000$ , find its value after 2 years

Verified Answer

$\text{N}144,500$

Explanation & Step-by-Step Solving

Using the compound depreciation formula $A = P(1 - r)^2$ : $A = 200000 \times (1 - 0.15)^2$$$$A = 200000 \times (0.85)^2 = 200000 \times 0.7225 = 144500$

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