Question

a Mobile phone is bought at $40000.Its value depreciate s at the rate of 11.5%per annum. find it's value after one year​

Answer 1

Answer:

The value of the smartphone after one year is 31860.

At first it's value was 36000. It has a depreciation rate of 11.5% per annum. So after one year it's value will depreciate to a new value which can be calculated as below.

Value after one year = 36000*(1-\frac{11.5}{100})36000∗(1−

100

11.5

) = 31860

Hence the final value after one year is 31860