the value of a TV two years ago was Rs 6250. its value depricated at the rate of 4% per annum. find its present value. plzzzzz ans fast exam is there tomm
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Principle = 6250
Rate of interest per annum = 4%
Time = 2 years
Therefore, S.I = P*R*T ÷ 100
=6250 x 4 x 2 ÷ 100
=500
Amount = P + S.I
=6250 + 500
=6750
Therefore, its present value is 6750
Rate of interest per annum = 4%
Time = 2 years
Therefore, S.I = P*R*T ÷ 100
=6250 x 4 x 2 ÷ 100
=500
Amount = P + S.I
=6250 + 500
=6750
Therefore, its present value is 6750
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