Question

A refrigerator costs Rs.20,000. Its price depreciates at the rate of 5% per annum
What will be the price of the refrigerator after 2 years.with method ☺️​

Answer 1

Answer:

5*20000*2/100

5*20*2

2pp

Answer 2

Answer:

Given:-

A refrigerator costs ₹ 20,000. Its price depreciates at the rate of 5% per annum. What will be the price of refrigerator after 2 years?

To Find:-

The price ( amount ) of refrigerator after 2 years.

Note:-

●》Depreciates means decrease in a amount.

●》Second year amount will be calculated from first year amount.

Solution:-

Depreciates = 5% per annum, the cost = ₹20,000; Time = 2 years

☆ According to note first point~

▪︎$\frac{5}{100} × ₹ 20,000$

▪︎$5 × ₹ 200$

▪︎$₹ 1,000$

☆ For real price~

▪︎$₹ 20,000 - ₹ 1,000$

▪︎$₹ 19,000$

Now, real price = ₹19,000; we'll find the cost after first years

☆ Interest~

▪︎$\frac{5}{100} × ₹ 19,000$

▪︎$5 × ₹ 190$

▪︎$₹ 850$

☆ For price~

▪︎$₹ 19,000 - ₹ 850$

▪︎$₹ 18,150$

First year = ₹ 18,150, Second year~

●》According to note second point and interest~

▪︎$\frac{5}{100} × ₹ 18,150$

▪︎$5 × ₹ 181.5$

▪︎$₹ 907.5$

☆ For price~

▪︎$₹ 19,000 - ₹ 907.5$

☆ After doing calculations~

▪︎$₹ 18,092.5$

Answer:-

Hence, the price of refrigerator after 2 years will be = ₹ 18,092.5

:)