Question

A refrigerator was purchased one year ago 20,000. Its value depreciates at the rate of 25%. Find

a) Its present value.

b) Its value after 1 year
please explain it​

Answer 1

Answer:

a) 15,000

b) ₹ 11,250

Step-by-step explanation:

A) Cost price of Refrigerator =20,000

Rate of decrease is 25%

Decreased amount is

25/100 ×20,000= 5000

So the present price is 20,000−5,000= 15000

B) Decrease amount a year after is

25/100×15,000= 3750

So the price is 15000 − 3750= ₹11,250

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