Question

an air conditioner depreciates in value by 8% every year at the end of year 2002 it is valued at rupees 18400 calculate its value at the end of year 2003 and year 2001​

Answer 1

Answer:

value at the end of 2003= (100%-8%)

=(92%)

hence,92% of 18400=16928

value at the end of 2001=(100%+8%)

=108%

hence 108%of18400=19872