The price of an LED TV has been decreasing every year by a constant percentage over the last 4 years. If the cost of the LED TV was Rs. 150000, 4 years ago and it costs Rs. 98415 now, then find the annual rate of decrease.Select one
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Answer:
10% every year
Step-by-step explanation:
Average value for Actual / Original = √98415/150000 = 0.9
Hence the value will be decrease by 10% every year.
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