Question

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The value of a property decrease every year at the rate of 5%. If its present value Rs. 4,11,540, what was its value three years ago.​

Answer 1

Step-by-step explanation:

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Answer 2

Answer:

Let suppose the property price was 100 three year back.

So at the bed of first year price will be

100 - 5= 95

At the end of second year price will be

95 - 4.75= 90.25

At the end of third year price will be

90.25 - 4.5125= 85.7375

Now we can compare 85.7375 with 411540

So what will be the price before 3 year which can be compared to 100?

So by cross multiplying price

= 100×411540/85.7375

= 4,80,000

This is done by Reducing Balance Method.

By Straight line method answer will be :-

For doing this sum by SLM method 5% is constant therefore if price is suppose 100 then at the end of 3rd year it will be 85

Now 85=411540

So 100=??

So by cross multiplying price of building is

=100×411540/85

=484164.71

As answer is in decimal so I think the answer is only by Reducing Balance Method.