Answered

Westonci.ca is the Q&A platform that connects you with experts who provide accurate and detailed answers. Explore a wealth of knowledge from professionals across different disciplines on our comprehensive platform. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

Colin buys a tv for £740. It depreciates at a rate of 4% per year. How much will it be worth in 5 years? Give your answer to the nearest penny where appropriate.

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 .

Thank you for visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.