Question

An Air conditioner was purchased at 8 20000. Its value depreciates at the rate of 3% p.a. What would be the depreciation after 2 years?​

Answer 1

Answer:

principal=20000

deprecated rate=3%

time=2year

price of AC after two years

Step-by-step explanation:
SI= P×R×T/100(divided or cut by 100)

SI=20000×3×2/100

SI=200×3×2

SI=600×2

SI=1200

so here value of AC decreases 3% per year so value of AC after 2year is

principal- SI

20000-1200

=18800