The price of computers has been dropping steadily for the past ten years. If a desktop PC cost $6,700 ten years ago, and the same computing power cost $2,100 three years ago, find the rate of decrease per year. (Assume a straight-line model. Round your answer to the nearest cent.) $ per year

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 8EB: Shonda & Shonda is a company that does land surveys and engineering consulting. They have an...
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The price of computers has been dropping steadily for the past ten years. If a desktop PC cost $6,700 ten years ago, and the same computing power
cost $2,100 three years ago, find the rate of decrease per year. (Assume a straight-line model. Round your answer to the nearest cent.)
$
per year
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Transcribed Image Text:The price of computers has been dropping steadily for the past ten years. If a desktop PC cost $6,700 ten years ago, and the same computing power cost $2,100 three years ago, find the rate of decrease per year. (Assume a straight-line model. Round your answer to the nearest cent.) $ per year Need Help? Read It Watch It Submit Answer
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