Question

3. A refrigerator was purchased one year ago for 20000. Its value depreciates at the rate of
15% per annum. Find :
(i) its present value,
(ii) its value after 1 year.
on fit
in the
info F
also​

Answer 1

Answer:

Rs. 17000 & Rs. 14450

Step-by-step explanation:

Initial value- Rs. 20000

Value drop per year- 15% = 0.85 times

Present value= Rs. 20000*0.85= Rs. 17000

Value next year= Rs. 17000*0.85= Rs. 14450

Answer 2

Answer:

Decreased amount is 17000 and price is 14450