Question

the value of property decreases every year at the rate of 5% if its present value is 41 1540 .what is value of 3 years ago​

Answer 1

Here,

A = 411540

n = 3 years

R = 5%

It is said that value of property decreases every year.

A = P(1 - r/100)^n

411540 = P(1 - 5/100)^3

411540 = P(19/20)^3

411540 = P(6859/8000)

411540 * 8000 = 6859 * P

P = 480000.

Therefore, value of property is 4800000.

Answer 2

Answer:

4800000

I hope it help...........