the following example.
Example 15: A TV was bought at a price of = 21,000. After one year the value of the
TV was depreciated by 5% (Depreciation means reduction of value due to use and age of
the item). Find the value of the TV after one year.
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Cost of TV =21000, Depreciation =5%
Value after one year = Cost – Depreciation =21000−
100
5
×21000=19950
∴ Value after one year is Rs 19950
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