Question

The value of an antique metal artefact is worth 5600. It first appreciates at 10% during first year
then depreciates at 10% in the following years. Find the net worth of the artefact after 3 year​

Answer 1

Value of antique = ₹ 5600

Value of the antique after 1st year= ₹ 5600 + 10% of ₹ 5600 = ₹ 6160

Value of antique in the following year = ₹ (6160((100-10)/100)²) = ₹ ( 6160(90/100)²)= ₹ 4989.60

Answer: ₹ 4989.60