Question

A sector was bought for Rs 42,000.Its value depreciated at the rate of 8% per annum.Find its value after one year?

Answer 1

Step-by-step explanation:

This concept is same as compund interest. Value after one year = 42000(1 - 8/100) = 42000*92/100 = Rs 38640

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Answer 2

Answer:

Value of sector after one year = 38,640 Rs

Step-by-step explanation:

Given that-

Price of a sector (Actual value) = 42,000 Rs

Depreciated rate = 8%

Time = 1 year

We can find the depreciate value by simple interest method.

Depreciate value = $\dfrac{price \times rate \times time}{100}$

                             = $\dfrac{42000 \times 8\times 1}{100}$

                             = $\dfrac{336000}{100}$

Depreciate value of sector = 3,360 Rs

Value of sector after one year = Actual price - Depreciate value

                                                  = 42,000 - 3,360

Value of sector after one year = 38,640 Rs