If a student receives a trophy worth $250 and the value of the trophy depreciate

If a student receives a trophy worth $250 and the value of the trophy depreciates by 10%, what is its depreciated value?

If a student receives a trophy worth $250 and the value of the trophy depreciates by 10%, what is its depreciated value?

Step 1: Identify the original value of the trophy, which is $250.
Step 2: Determine the depreciation rate, which is 10%.
Step 3: Calculate the amount of depreciation by multiplying the original value by the depreciation rate: 10/100 * 250.
Step 4: Perform the multiplication: 10/100 equals 0.1, so 0.1 * 250 equals $25.
Step 5: Subtract the depreciation amount from the original value: $250 - $25.
Step 6: Perform the subtraction: $250 - $25 equals $225.
Step 7: The depreciated value of the trophy is $225.

Depreciation – Understanding how to calculate the decrease in value of an asset over time.
Percentage Calculation – Applying percentage to a given value to find the amount of depreciation.
Subtraction – Performing basic arithmetic to find the final value after depreciation.