The value of a flat worth rs 500000 is depreciated at the rate of 10 persent p.a in how many years will its value be reduced to 364500 rs
Answers
Answer:
TIME = 3 YEARS
Step-by-step explanation:
Given
Original value of flat = Rs 500000
depreciated value = 10 % p.a
To Find
Time of reduction when it's value will be 364500
_______________________________________________________________
Let's take present value as 364500.
We know the formula :
We know amount and principal both.
Time = 3 years.
Tips
- Do not round off answers in your calculations until you get the final answer.
- If a value keeps on depreciating with same percentage , this is the most convenient formula used.
- The formula has many day life application.
Finance : Finding Compound Interest.
Prediction : It is used to predict on population after a particular period of time.
Business : Rise and fall of amount of an item.
Step-by-step explanation:
⭐!! Heya Friends !!⭐
⭐!! Question !!⭐
- The value of a flat worth rs 500000 is depreciated at the rate of 10 persent p.a in how many years will its value be reduced to 364500 rs.
⭐!! Given !!⭐
- Machine Principal = 500000
- Machine Amount = 364500
- the rate = 10 %
⭐!! To Find !!⭐
- how many years
⭐!! Solution !!⭐
Amount = Principal (1-R/100)^n
putting values
364500 = 500000(1 - 10/100)^n
364500/500000 = (90/100)^n
729/1000 = (9/10)^n
(9/10)^3 = (9/10)^n
n = 3
Hence , In 3 years machine value be reduced to 364500 Rs
Internal Information:-
Compound Interest = Amount – Principal
- A = amount
- P = principal
- R = rate of interest
- n = number of years