Question

a tv set was purchased for 27000.Its cost depriciates every year by 5%what will be the cost after 2 years?

Answer 1

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

Answer 2

So the value comes as 14877.5