Colin buys a tv for £800. It depreciates at a rate of 1% per year. How much will it be worth in 2 years? Give your answer to the nearest penny where appropriate.

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asked Jun 9, 2022 130k views

11 votes

Colin buys a tv for £800.

It depreciates at a rate of 1% per year.

How much will it be worth in 2 years?

Give your answer to the nearest penny where appropriate.

Mathematics
high-school

Binod asked

by Binod

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1 Answer

7 votes

£784
explanation: 1% of 800 = 8
in 2 years it will be 2%
2% = 16
800-16=784

Caspian answered Jun 13, 2022

by Caspian

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