Question

A smartphone is bought at * 36000. Its value depreciates at the rate of
11.5% per annum. Find its value after one year.
A​

Answer 1

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 = $36000*(1-\frac{11.5}{100})$ = 31860

• Hence the final value after one year is 31860

Answer 2

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