Question

The price of a radio is depreciated by one-tenth in a year. Find the rate of depreciation.​

Answer 1

Answer:

ᴜꜱᴇ ᴛʜᴇ ꜰᴏʟʟᴏᴡɪɴɢ ꜱᴛᴇᴘꜱ ᴛᴏ ᴄᴀʟᴄᴜʟᴀᴛᴇ ᴍᴏɴᴛʜʟʏ ꜱᴛʀᴀɪɢʜᴛ-ʟɪɴᴇ ᴅᴇᴘʀᴇᴄɪᴀᴛɪᴏɴ: ꜱᴜʙᴛʀᴀᴄᴛ ᴛʜᴇ ᴀꜱꜱᴇᴛ'ꜱ ꜱᴀʟᴠᴀɢᴇ ᴠᴀʟᴜᴇ ꜰʀᴏᴍ ɪᴛꜱ ᴄᴏꜱᴛ ᴛᴏ ᴅᴇᴛᴇʀᴍɪɴᴇ ᴛʜᴇ ᴀᴍᴏᴜɴᴛ ᴛʜᴀᴛ ᴄᴀɴ ʙᴇ ᴅᴇᴘʀᴇᴄɪᴀᴛᴇᴅ. ᴅɪᴠɪᴅᴇ ᴛʜɪꜱ ᴀᴍᴏᴜɴᴛ ʙʏ ᴛʜᴇ ɴᴜᴍʙᴇʀ ᴏꜰ ʏᴇᴀʀꜱ ɪɴ ᴛʜᴇ ᴀꜱꜱᴇᴛ'ꜱ ᴜꜱᴇꜰᴜʟ ʟɪꜰᴇꜱᴘᴀɴ. ᴅɪᴠɪᴅᴇ ʙʏ 12 ᴛᴏ ᴛᴇʟʟ ʏᴏᴜ ᴛʜᴇ ᴍᴏɴᴛʜʟʏ ᴅᴇᴘʀᴇᴄɪᴀᴛɪᴏɴ ꜰᴏʀ ᴛʜᴇ ᴀꜱꜱᴇᴛ.

⤵️ꜰᴏʟʟᴏᴡ ᴍᴇ....

Answer 2

Step-by-step explanation:

Compound Interest and Depreciation

Interest: It is the additional money besides the original money paid by the borrower to the money lender in lieu of the money used.

Principal: The money borrowed (or the money lent) is called principal.

Amount: The sum of the principal and the interest is called amount.

Thus, amount = principal +interest.

Rate: It is the interest paid on Rs 100 for a specified period.

Time: It is the time for which the money is borrowed.

Simple Interest: It is the interest calculated on the original money (principal) for any given time and rate.

Formula: Simple Interest = (Principal x Rate x time)/100

Compound interest

Compound interest (abbreviated C.I.) can be easily calculated by the following formula:

A = P where A is the final amount, P is the principal, r is the rate of interest compounded yearly and n is the number of years.

C.I. = A -P =

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