the value of a property decreases at the rate of 5% every year if the present value is 41150 what was its value three years ago
the value of a property decreases at the rate of 5% every year if the present value is 41150 what was its value three years ago
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A] present value = Rs 411540
rate of depreciation = 5% p.a
t = 3 years
value 3 yrs ago=p(1−100R)n
⇒411540=p(1−1005)3
⇒411540=p(10095)3
⇒411540=p(2019)3
⇒411540=p(80006859)3
⇒6859411540×80000=Rs480000
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Answer:
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answer is 48,000