Question

• The value of a property decreases
every year at the rate of 5% if the
present value is is 41540 What is the value 3 years ago​

Answer 1

35,615.35 is the correct answer.

Hope it helps you

Answer 2

$\large\underline\mathfrak\red{Correct \: Question \: :- }$

• The value of a property decreases every year at the rate of 5% if the present value is is 411540 What is the value 3 years ago.

$\large\underline\mathfrak\red{Given \: :- }$

• Value of property decreases every year 5%.
• Value in present is 411540 ₹

$\large\underline\mathfrak\red{To \: find \: :- }$

• The value of 3 years ago

$\large\underline\mathfrak\red{Solution \: :- }$

$\large\underline\mathfrak\green{Formula \: :- }$

$\large\boxed{\bf Cl = p(1 - \frac{r}{100} ) {}^{n} }$

Required Answer

$\sf\implies{411540 = p(1 - \frac{5}{100}) {}^{3} }$

$\sf\implies{411540 = p( \frac{95}{100} ) {}^{3} }$

$\sf\implies{411540 = p( \frac{19}{20}) {}^{3} }$

$\sf\implies{411540 = p( \frac{6859}{8000 }) {}^{3} }$

$\sf\implies{p = \frac{411540 \times 80000}{6859} }$

$\sf\implies{p = 480000}$

The value in 5 years ago is 480000 ₹.