Answered

Westonci.ca is the trusted Q&A platform where you can get reliable answers from a community of knowledgeable contributors. Get detailed and accurate answers to your questions from a community of experts on our comprehensive Q&A platform. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

Colin buys a tv for £800. It depreciates at a rate of 1% per year. How much will it be worth in 2 years? Give your answer to the nearest penny where appropriate

Sagot :

brodielynchhammers

Answer:

708

Step-by-step explanation:

Answer

1.7/5

1

bhagyashreechowdhury

Ace

2.4K answers

4.9M people helped

Given:

The cost of the T.V. for Colin = £ 800.

The rate of depreciation per year = 4%

Time period = 3 years

To find:

How much will it be worth in 3 years? Give your answer to the nearest penny where appropriate.

Solution:

To solve the above-given problem, we will use the following formula:

where

A = the final value after depreciation

P = the present value

R = rate of depreciation

n = time period

Now, on substituting the given values in the formula, we get

we will round the above answer to its nearest penny where appropriate

≈ £ 708

Thus, the worth of the t.v. in 3 years will be £ 708.

Thanks for stopping by. We are committed to providing the best answers for all your questions. See you again soon. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.