Angela bought a computer for $3,100. It depreciated 24% of its original cost in the first year. In the second year, it depreciated 14% 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.

In the first year, the computer loses 24% of $3,100, so its value becomes $3,100 × 0.76 = $2,356. In the second year, it retains 86% of that remaining value: $2,356 × 0.86 = $2,026.16. The value at the end of the second year is $2,026.16, choice a.

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