The value of a diamond bracelet depreciates at a value of 20% per year (in other words, the value of the bracelet each year is 80% of what is was the previous year). Katie bought a diamond tennis bracelet for $1000.   At the beginning of the 8th year, the bracelet is worth $

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.52TI: Loren lent his brother $3,000 to help him buy a car. In four years, his brother paid him back the...
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The value of a diamond bracelet depreciates at a value of 20% per year (in other words, the value of the bracelet each year is 80% of what is was the previous year). Katie bought a diamond tennis bracelet for $1000.
 
At the beginning of the 8th year, the bracelet is worth $

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