Mr. Chetan purchased furniture for her
home at Rs.5,12,000/-. Considering rate of
depreciation as 12.5%, what will be value of
furniture after 3 years.
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Answer:
simple intereste , compound interest
Step-by-step explanation:
simple interest
512000×12.5×3÷100 =192000
19200 is interest
value=32000(by subtracting interest from principal
compound interest
1st year. = 512000×12.5×1÷100 =64000
=512000-64000
=448000
2ndyear. =448000×12.5×1÷100=56000
=392000
3rd year. =392000×12.5×1÷100=4875
=34125
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