Question

A sofa set was bought for Rs. 10,000. Its value depreciated at the rate of 15% per annum. Find its value after 1 year.

Rs. 11,500
Rs. 9,500
Rs. 8,500
Rs. 7,500​

Answer 1

Given :-

Original price = ₹10,000

Rate of depreciation = 15%

Time period = 1 year

To Find :-

The depreciated value.

Solution :-

Total depreciation = 15% of ₹10,000

${\sf{=\: {\dfrac{15}{100}}\: \times\: 10000}}$

${\sf{=\: 15\: \times\: 100}}$

${\sf{=\: 1500}}$

Depreciated value = ₹10000 - ₹1500

= ₹8,500

Therefore, value after 1 year is ₹8,500

Answer 2

Explanation:

₹8,500

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