4. The price of a smart phone of a company is decreasing 4% per year. The current price of the phone is Rs.12000.
Find the price of this phone after 3 years.
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Answer:
Rs10560
Step-by-step explanation:
decreasing price=4%
current price of smartphone=Rs12000
price of smartphone after 3 years=?
Now,
decreasing price of 1 year=4/100×12000
=480
decreasing price of 3 years=480×3=1440
price of smartphone after 3 years=12000-1440=Rs10560.
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