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victus00 [196]
2 years ago
11

Colin buys a tv for £530. It depreciates at a rate of 3% per year. How much will it be worth in 5 years? Give your answer to the

nearest penny where appropriate.
Mathematics
1 answer:
rodikova [14]2 years ago
3 0

Answer: In 5 years it will be worth £455

Step-by-step explanation:

Step 1

Given

The cost of the T.V. for Colin = £530.

The rate of depreciation per year = 3%

Time/ period = 5 years

Formulae to be used

F = P  X (1 - r) ^ n

where

F = the future value after depreciation

P = the present value.

r =the interest rate per time period

n = the time/ periods

Step 2--- SOLVING

F = P  X (1- r) ^ n

F= 530 x (1-0.03) ^ 5

=530 x 0.858734

=£455.129

Rounding up to the nearest penny where appropriate = £455

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Answer: x = 5*sqrt(10)
"sqrt" stands for "square root"

-------------------------------------------------------

Refer to the attached image. The figure is not to scale. Notice how I've added in y and z (blue and red respectively)
The length y is the bottom horizontal leg for the triangle on the right.
The length z is the bottom horizontal leg for the triangle on the left.

To find x, we need to find y first, which will help us find z, and then we can finally get to x.

Let's find y first
To do this, we use the pythagorean theorem
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y^2 + 9^2 = 15^2
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y = 12 ... keep in mind that y is a length, so it needs to be positive

Notice how the y and z lengths combine to form a total length of 25 units
Therefore,
y+z = 25
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12+z-12 = 25-12
z = 13

Now that we know z = 13, we can find x. Again we use the pythagorean theorem one last time
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169 + 81 = x^2
250 = x^2
x^2 = 250
sqrt(x^2) = sqrt(250)
x = sqrt(250)
x = sqrt(25*10)
x = sqrt(25)*sqrt(10)
x = 5*sqrt(10)
This is in simplest radical form as we can't factor 10 any further (there are no perfect square factors that go into 10). This is the exact length of side x

Note: using a calculator, 5*sqrt(10) = 15.8113883008419 approximately

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