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?
Answers
Answered by
0
Answer:
Rs 12,00,000
Step-by-step explanation:
10% +10%= 20%
20% of 15,00,000 is 3,00,000
So, 15,00,000-3,00,000= 12,00,000
Hence proved
Answered by
1
Answer:
₹1215000.
Step-by-step explanation:
According to the problem,
Initial value/cost of the of the residential flat = ₹1500000
Rate of depreciation per year= 10%
Amount of depreciation for the first year= {(Depreciating %/100) ×Original value}
=₹{(10/100)×1500000}
= ₹150000
Value of the flat after 1 year will be =(Original Value-Depreciation vale)
₹(1500000 - 150000)
₹1350000.
By the above process we can find,
Amount of depreciation for the second year= ₹{(10/100)×1350000}
=₹135000
Value of the flat after two years will be =₹(1350000-135000)
₹1215000.
Therefore the value of the flat after 2 years will be ₹1215000.
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