Solve the problem.
-Angela bought a computer for $\$ 2400$. It depreciated $23 \%$ of its original cost in the first year. In the second year, it depreciated $11 \%$ of its remaining value. What is the value of the computer at the end of the second year? Round your answer to the nearest cent.
A) $\$ 1422.96$
B) $\$ 1584.00$
C) $\$ 2051.28$
D) $\$ 1644.72$

Question

Quizplus · Accepted Answer

First year depreciation: $2400 \times 0.23 = 552$. Remaining value: $2400 - 552 = 1848$. Second year depreciation: $1848 \times 0.11 = 203.28$. Remaining value: $1848 - 203.28 = 1644.72$.

Solve the Problem $2400\$ 2400$2400 It Depreciated 23%23 \%23% Of Its Original Cost in the First Year

Solve the Problem $\$ 2400$ It Depreciated $23 \%$ Of Its Original Cost in the First Year