Question

Q.The present value of a television is Rs. 14,580. If the value of the television

depreciates at the rate of 10% every year, then the value of the television 3 years

ago was

Answer 1

Answer:

Let the value of T.V. three year ago was x Rs.

10% depreciation in every year.

Amount after three year is 14580 Rs.

Formula:-

$A=P[1-(r÷100)]^{r}$

$14580=x[1-(10÷100){3}$

$14580=x(1-0.1){3}$

14580=x×0.9×0.9×0.9

x=14580÷(0.9×0.9×0.9)

x=20000

Ans.

Value of T.V. three year ago was 20000 Rs.