Question

1 : If depreciated value of a product after 4 year is
22,000, at interest rate of 14%, what is the original
value of that product (SLM)?​

Answer 1

Given :  depreciated value of a product after 4 year is  22,000, at interest rate of 14%

To Find : what is the original  value of that product (SLM)?​

Solution:

depreciated value of a product after 4 year is   22,000,

at interest rate of 14%

original  value of that product  = P

A = 22000

r = 14

n = 4

P ( 1 - r /100)ⁿ  = A

=> P ( 1 - 14/100)⁴  = 22000

=> P (0.86)⁴ = 22000

=> P = 40,218.8  

original  value of that product  = 40,218.8  

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