Question

6. The price of a mobile phone depreciates at
a rate of 6% every year. If its current cost is
20,000 what will be its price after 4 years?


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Answer 1

Answer:

amount = p(1+i)^n

amount = 20000(1-0.06)^4

             =20000(0.94)^4

             =Rs.15614.9792

Step-by-step explanation:

Answer 2

the rate of mobile phone after 4 yrs is 15200