Question

The value of a flat constructed at a cost of Rs. 1000000 is depreciating at a rate of 10% per
annum. Its value after 3 years of construction will be:

Answer 1

Step-by-step explanation:

principal = RS : 10 , 000

rate = 10 %

time = 3 years

therefore , p ( 1 - r / 100 ) to the power 3

= 10 , 000 ( 1- 10 / 100 to the power 3

= 10 , 000 × 90 × 90 × 90 / 100 × 100 × 100

= RS : 7290

So the answer is 7290