the price of house worth 25000 falls by10% every year the price end of the one year is
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Question:
The price of house worth 25000 unit falls by10% every year, find the price of the house at end of the one year.
Answer:
The worth of the house at the end of the 1 year will be 22500 units.
Given:
The price of the house = 25000 units.
Depreciating rate = 10%.
To find:
The price of the house at the end of the 1 year.
Explanation:
The price of the house = 25000 units.
Depreciating rate = 10%.
10% of 25000 units = (25000×10/100)
= 2500 units.
∴ The depreciating value of the worth of the house after 1 year is 2500 units.
∴ The worth of the house after 1 year will be_
(25000-2500) units
= 22500 units.
∴ The worth of the house after 1 year will be 22500 units.
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