a musician buys a guitar for $450. if the val...
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 $45$.