3. The value of a television set depreciates at the rate of 7% per annum. What will be its value after 2 years, if the present value is Rs.18200? ( 2 marks )
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15896.58
Step-by-step explanation:
p=18200 R=7%
n=2
value of television after 2 year
P = 18200
(1+R/100) ² (1+7/100)²
=15896.58
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