The value of mobile phone which was purchased 2 years ago depreciates at 12% p.a., if its present value is Rs 9680 for how much was it purchased?
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Answer:
Step-by-step explanation:
Given, A= Rs.9680,T=2 years,R=12%
∵A=P(1−
100
R
)
9680=P(1−
100
12
)
2
9680=P(
100
88
)
2
P=9680×
22
25
×
22
25
= Rs. 12,500
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