Welcome to Westonci.ca, your go-to destination for finding answers to all your questions. Join our expert community today! Join our platform to connect with experts ready to provide precise answers to your questions in various areas. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.
Sagot :
Given :
Colin buys a tv for £740. It depreciates at a rate of 4% per year.
To Find :
How much will it be worth in 5 years.
Solution :
Decrease in price in 1 year is :
[tex]P = P_o- P_o\times 0.04\\\\P = 0.96P_o[/tex]
So, decrease in price after x years is :
[tex]P = (0.96)^x P_o[/tex]
Putting value of x and [tex]P_o[/tex] in above equation, we get :
[tex]P = 0.96^5\times 740\\\\P = \£\ 603.38[/tex]
Therefore, the worth of T.V after 5 years is £603.38 .
We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Westonci.ca is committed to providing accurate answers. Come back soon for more trustworthy information.
