3. Madhu bought a house for 1,31,25,000. If its value depreciates at the rate of 10% per annum, what will be its sale price after three years?
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9568125
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Answer:
Rs. 9568125
Step-by-step explanation:
Principle=1,31,25,000.
Rate=10%; n=3 years
Amount=Principle (1−Rate/100)^n
=1,31,25,000 (1−10/100)^3
=1,31,25,000 x 90/100 x 90/100 x 90/100
=Rs. 95,68,125.
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