Question

19- The value of a flat worth Rs. 5,00,000 is depreciating at the rate of 10%
a. In how many years will its value be reduced to Rs. 3, 64,500.
Contamina​

Answer 1

Answer:

3 years

Explanation:

Amount = Principal (1 - rate/100)^n where n= time

[since Vale is depriciating]

364000 = 500000(1 - 10/100)^n

364000/500000 = (9/10)^n

(9/10)^3 = (9/10)^n

n = 3