The value of a residential flat constructed at a cost of Rs 15,00,000 is depreciating at the rate of 10% per annum. What will be its value after 2 years of construction?
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depreciate 1st year ≈450000-450000*10%
≈450000-(450000*10/100)
≈450000-45000
≈ 405000
depreciate 2nd year ≈ 405000-405000*10%
≈405000-(405000*10/100)
≈405000-40500
≈364500 Answer
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