a tv set was purchased for 27000.Its cost depriciates every year by 5%what will be the cost after 2 years?
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2
present price is 27000
price depreciates 5% a year then for two years it will reduce by 2(5)= 10%
Price after two years = 27000- 10% of 27000
= 27000 - 2700
= 24300
the price of TV after two years is 24300
price depreciates 5% a year then for two years it will reduce by 2(5)= 10%
Price after two years = 27000- 10% of 27000
= 27000 - 2700
= 24300
the price of TV after two years is 24300
Answered by
1
So the value comes as 14877.5
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