the value of an article which was purchased 2 years ago depreciates at 12% per annum. If its present value is Rs 9680 the price at which it was purchased is ....
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Answered by
2
Answer:
The value of a refrigerator which was purchased 2 years ago, depreciates at 12% per annum. If its present value is Rs 9680,
Answered by
1
Answer:
12500
Step-by-step explanation:
Let the refrigerator was purchased for = Rs. P
Rate of depreciation (R)
=
12
%
p.a.
Period (n) = 2 years
and present value (A) = Rs. 9680
∴
A
=
P
(
1
−
R
100
)
n
⇒
R
s
.
9680
=
P
(
1
−
12
100
)
2
⇒
R
s
.
9680
=
P
(
22
25
)
2
⇒
P
=
R
s
.
9680
÷
(
22
25
)
2
=
R
s
.
9680
×
(
25
22
)
2
=
R
s
.
9680
×
25
×
25
22
×
22
=
R
s
.
12500
∴
2 years ago it was purchased for Rs. 12500.
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