Question

the present value of a refrigerator is Rs. 25000. if it depreciated at the rate of 10 paise per rupee per annum, find the value of the refrigerator after 3 years. by how much has the value gone down

Answer 1

Heya friend,

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Value of refrigerator after 3 years

= P(1-R/100)^n

= 25,000(1-10/100)^3

= 25,000(100-10/100)^3

= 25,000(90/100)^3

= 25,000(9/10)^3

= 25,000 × 9/10 × 9/10 × 9/10

= ₹18,225

Hence, the value of the refrigerator after 3 years is ₹18,225.


Thanks

With regards@

Tanisha