a farmer buys a horse for $1,900. if the value of the horse depreciates by 30% every year, what is the value…

a farmer buys a horse for $1,900. if the value of the horse depreciates by 30% every year, what is the value of the horse after 4 years? remaining amount = 1,900(1 - 0.30)^4 remaining amount = $? round your answer to the nearest whole number.

a farmer buys a horse for $1,900. if the value of the horse depreciates by 30% every year, what is the value of the horse after 4 years? remaining amount = 1,900(1 - 0.30)^4 remaining amount = $? round your answer to the nearest whole number.

Answer

Explanation:

Step1: Calculate the value inside the parentheses

$1 - 0.30=0.70$

Step2: Calculate the power

$0.70^4 = 0.70\times0.70\times0.70\times0.70=0.2401$

Step3: Multiply by the initial amount

$1900\times0.2401 = 456.19$

Step4: Round to the nearest whole number

Rounding $456.19$ gives $456$

Answer:

$456$