11. The value of a T.V., purchased two years
ago, depreciates at 12% p.a. If its present
worth is Rs. 9680, for how much was it
purchased ?
Answers
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TV was purchased for Rs 12500
Step-by-step explanation:
Let say TV value at time of purchase = P
Then Value deprecated in 1 year = (12/100)P = 0.12P
Value after 1 Year = P - 0.12P = 0.88P
Value depreciated in 2nd Year = (12/100) 0.88P
= 0.1056P
Value after depreciation = 0.88P - 0.1056P
= 0.7744 P
0.7744P = 9680
=> P = 12500
TV was purchased for Rs 12500
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