the present value of the flat is rupees 46.34 lakh if its cost increases at the rate of 5% per annum, then find its value after 4 year
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Answered by
1
Answer:
Rs480000
Explanation:
present value = Rs 411540
rate of depreciation = 5% p.a
t = 3 years
value 3 yrs ago=p(1− R/100)n
⇒411540=p(1− 5/100)³
⇒411540=p(95/100)³
⇒411540=p(19/20)³
⇒411540=p(6859/8000)³
⇒411540×80000÷6859=Rs480000
Answered by
1
Answer of this question is Rs480000
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