The cost of a refrigerator was quoted as ? 21000 in 2008. In 2009, an advanced model of the same brand was launched due to which there was an increase in price by 5%. Then in 2010, there was a 6% decrease in the price of the same model. What amount does the customer have to pay for the refrigerator in the year 2010?
remember that answer should be 20727
Answers
Answered by
0
The value of a machine depreciates every year by 5%. If the present value of the machine be Rs. 100,000, what will be its value after two years?
Medium
Solution
verified
Verified by Toppr
Correct option is B)
current value of Machine =Rs.100,00
After 1 year
value decreased by 5%
value of Machine is
Rs.95% of 100,000
⇒
100
95
×100,000=Rs.95,000
After 2 years
again the value is decreased by 5% from previous year' s Value
Now value of Machine is
=95% of 95,000
=
100
95
×95,000
=0.95×95,000
=Rs.90,250 is the value of machine at the of two years
Similar questions
Math,
2 days ago
English,
2 days ago
English,
4 days ago
Social Sciences,
8 months ago
Hindi,
8 months ago