Question

an article purchase for rupees 10,000 decreases in values by 10% every year find the value of 5years
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Answer 1

Answer:

₹ 5000

Step-by-step explanation:

10% = 1000

1 year = 1000

5 years = 5000

value = 10K - 5K = 5K

Answer 2

Answer:

5904.9 rupees

Step-by-step explanation:

Finding amount

make use of the compound interest formula

A = P ( 1 + r / 100 ) ^ n

A is the amount

P is the principle

r is the rate of interest

n is the number of years

since the amount decreases every year we make use of ( - ) instead of ( + )

A = P ( 1 - r / 100 ) ^ n

   = 10000* ( 1 - 10/100)^ 5

   = 5904.9 rupees