If depreciated value of a product after 4year is 22,000, at interest rate of 14%, what is the original value of that product (SLM)?
Answers
Given : depreciated value of a product after 4 year is 22,000, at interest rate of 14%
To Find : what is the original value of that product (SLM)?
Solution:
depreciated value of a product after 4 year is 22,000,
at interest rate of 14%
original value of that product = P
A = 22000
r = 14
n = 4
P ( 1 - r /100)ⁿ = A
=> P ( 1 - 14/100)⁴ = 22000
=> P (0.86)⁴ = 22000
=> P = 40,218.8
original value of that product = 40,218.8
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Given :
depreciated value of a product after 4 year is 22,000, at interest rate of 14%
To Find :
what is the original value of that product (SLM)?
Solution:
depreciated value of a product after 4 year is 22,000,
at interest rate of 14%
original value of that product = P
A = 22000
r = 14
n = 4
P ( 1 - r /100)ⁿ = A
=> P ( 1 - 14/100)⁴ = 22000
=> P (0.86)⁴ = 22000
=> P = 40,218.8
original value of that product = 40,218.8