a musician buys a guitar for $450. if the value of the guitar depreciates by 30% every year, what is the…

a musician buys a guitar for $450. if the value of the guitar depreciates by 30% every year, what is the value of the guitar after 6 years? remaining amount = 450(1 - 0.30)^6 remaining amount = $? round your answer to the nearest whole number.

a musician buys a guitar for $450. if the value of the guitar depreciates by 30% every year, what is the value of the guitar after 6 years? remaining amount = 450(1 - 0.30)^6 remaining amount = $? round your answer to the nearest whole number.

Answer

Answer:

$45$

Explanation:

Step1: Calculate the depreciation factor

$1 - 0.30=0.70$

Step2: Calculate the exponentiation

$(0.70)^6=0.117649$

Step3: Multiply by the initial value

$450\times0.117649 = 52.94205$

Step4: Round to the nearest whole - number

Rounding $52.94205$ gives $45$.