A TV was bought at a price of Rs.21000. the value of the TV was depreciated by 5%. (Depreciation means reduction of the value due to use and age of the item). Find the value of the TV after 3 years.
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Answer:
We are given that after one year, the value of the TV is depreciated by 5%.
Value to be deduced =5% of Rs.21,000
=Rs.
100
21000×5
=Rs.1050
Step -2:Calculate the value of the TV after one year.
Value after one year=Rs.(21000−1050)
=Rs.19,950
Verified answer
Price = ₹21000Depreciation = 5%
= 5/100 of 21000
= ₹19950 (21000-19950 = 1150)
Third year
= 21000-1150X3
= 21000-3450
= ₹17550