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You have won a new PS 5 ytem in a raffle With a bit of reearch, you have determined that the cot of a new PS 5 ytem i $712 with tax. If you know that the value of gaming conole decreae each year by 12%, baed on the previou year' value, what will your PS 5 ytem be worth after 6 year?
a) I thi an example of imple interet or compound interet? I thi an example of appreciation or depreciation? Explain your anwer



Answer :

Tutorconsortium423

On solving the provided question, we can say that -   after six at 6th year cost price of $712 PS5 will be = $330.655709790208

What is Cost Price ?


Cost is Selling Price minus Profit (Given Selling Price and Profit) Cost equals Sale Price Plus Loss (Given Selling Price and Loss). Cost is the overall expense incurred by a manufacturer to create a certain good or render a specific service. The price a consumer is willing to pay for a good or service is measured in rice. Profit is the difference between the price paid and the expenses spent. The business earns a profit of $4 for him if a consumer pays him $10 for a good that cost him $6 to produce and sell.

Given,

cost price of PS5 = $712

every year price decreases by = 12%

so, after six at 1st year price will be =  $712 - (12% of 712) = 626.56

after six at 2nd year price will be = 626.56 - (12% of 626.56) = 551.3728

after six at 3rd year price will be =  485.208064

after six at 4th year price will be = 426.98309632

after six at 5th year price will be = 375.7451247616

after six at 6th year price will be = 330.655709790208

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