Question

The value of property decrease every year at the rate of 5%.I f its present value is 411540. what was its value 3 years ago?

Answer 1

The formula is 5x411540x3/100

Answer 2

v=411540

n=3;
and

r=5%
the formula is

v=Vo(1-r/100)^n

where put all the value and

Vo= 411540 ×(20/19)³

Vo=480,00

hope u like it