present value of Plasma TV is 64000 if it depreciate @ 2.5 Paisa per rupees per annum find the value of T.V. after 3 years by how much has the value off the TV gone down
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Answer:
depreciation rate :
2.5 P. for one rupees
= 2.5 Rupee for 100 rupees
rate=2.5%
Price after 3 yrs=64ooo (I-2.5/100) 3
= 64 ooox (97.5/1oo) 3
= Rs59319
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