refrigerator was purchased one year ago for rupees 20000 its value depreciates at rate of 15% per annum find its present value and its value after one year
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Answered by
2
Answer:
Rs. 17000 & Rs. 14450
Step-by-step explanation:
Initial value- Rs. 20000
Value drop per year- 15% = 0.85 times
Present value= Rs. 20000*0.85= Rs. 17000
Value next year= Rs. 17000*0.85= Rs. 14450
Answered by
1
Answer:
Rs. 17000 & Rs. 14450
Step-by-step explanation:
Initial value- Rs. 20000
Value drop per year- 15% = 0.85 times
Present value= Rs. 20000*0.85= Rs. 17000
Value next year= Rs. 17000*0.85= Rs. 14450
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