Question

If the value of a refrigerator, is Rs 20,000 and it depreciates at 3% per annum, then what
will be the value of the refrigerator after one year.​

Answer 1

Answer:

19400

Step-by-step explanation:

depreciation os 3% pa so we have

100 % 20000

97 % 19400

Answer 2

Answer:-

value =20,000

depreciation in the rate every year=3%

value of refrigerator after one year

=20000*(1+3/100)^1

=20000*97/100

=200*97

=19400

hence the value of the refrigerator will be RS.19400