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RideAnS [48]
3 years ago
12

You buy a phone for $965 after one year it is worth $424 what is the rate of depression

Mathematics
1 answer:
andreev551 [17]3 years ago
3 0

Answer:

\large \boxed{\mathbf{56.06 \, \% }}

Step-by-step explanation:

1. Calculate the dollar depreciation

Original price = $965

Present value =   <u>424</u>

Depreciation = $ 541

2 Calculate the rate of depreciation

The phone has depreciated for one year.

\begin{array}{rcl}\text{Rate of depreciation} & = & \dfrac{\text{Depreciation}}{\text{Original price}} \times 100 \, \%\\\\& = & \dfrac{\text{541}}{\text{965}} \times 100 \, \%\\\\& = & \dfrac{\text{541}}{\text{965}} \times 100 \, \%\\\\& = & \mathbf{56.06 \, \%}\\\\\end{array}\\\text{ The rate of depreciation is $\large \boxed{\mathbf{56.06 \, \% }}$ per year}

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