Question

The value of a flat worth 500000 which is depreciating at the rate of 10% per annum. In how many years will its value be reduced to 364500.​

Answer 1

Answer:

Step-by-step explanation:

SOLUTION

Formula

A= P(1-r/100)^n {because reducing}

=) 364500= 500000(1-10/100)^n

=) 364500/500000= (9/10)^n

=) (9/10)^3 = (9/10)^n

=) n= 3 years