Question

The value of a property decrease every year at the rate of 5%. If its present value Rs. 4,11,540, what was its value three years ago .​

Answer 1

Answer:

Present value =Rs.411540

Rate=5%

Time=3yrs

Price before 3 yrs=?

Now,

Price before 3 yrs =Rs.411540(1+5/100)^3

=Rs.476408.9925