Question

A TV Was brought at a price of $21,000. After one year the value of the TV was depreciated by 5% . Find the Value with Step By step process.​

Answer 1

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Answer 2

Principal = 21,000

Reduction=5 0f 21000 per year

$= \frac{21000 \times 5 \times 1}{100} \ = 1050 \: rupees$

Value at the end of 1 year =21000 -1050=19,950.

Alternately,We may directly get this as follows:

$value \: at \: the \: end \: of \: 1 \: year = 21000 \frac{1 - 5}{100} \\ \\ = 21000 \times \frac{19}{20} = 19950 \: rupees$