Question

4. The value of a flat worth 26,00,000 is depreciating at the rate of 10 personen
years will its value be reduced to 4374007
G) 10% pa​

Answer 1

Answer:

SOLUTION

Formula

A= P(1-r/100)^n {because reducing}

=) 364500= 500000(1-10/100)^n

=) 364500/500000= (9/10)^n

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

=) n= 3 years