Advertisements
Advertisements
Question
The value of a refrigerator which was purchased 2 years ago, depreciates at 12% per annum. If its present value is Rs 9680, for how much was it purchased?
Advertisements
Solution
Purchase price = P \[\left( 1 - \frac{R}{100} \right)^{- n} \]
\[ \Rightarrow 9, 680 \left( 1 - \frac{12}{100} \right)^{- 2} \]
\[ = 9, 680 \left( 0 . 88 \right)^{- 2} \]
= 12, 500
Thus, the purchase price of the refrigerator was Rs 12, 500.
APPEARS IN
RELATED QUESTIONS
Compute the amount and the compound interest in the following by using the formulae when:
Principal = Rs 5000, Rate = 10 paise per rupee per annum, Time = 2 years
Compute the amount and the compound interest in the following by using the formulae when:
Principal = Rs 2000, Rate = 4 paise per rupee per annum, Time = 3 years
Compute the amount and the compound interest in the following by using the formulae when:
Principal = Rs 12800, Rate = \[7\frac{1}{2} %\], Time = 3 years
The population of a town increases at the rate of 50 per thousand. Its population after 2 years will be 22050. Find its present population.
Ms. Cherian purchased a boat for Rs 16000. If the total cost of the boat is depreciating at the rate of 5% per annum, calculate its value after 2 years.
The value of a machine depreciates at the rate of 10% per annum. What will be its value 2 years hence, if the present value is Rs 100000? Also, find the total depreciation during this period.
Pritam bought a plot of land for Rs 640000. Its value is increasing by 5% of its previous value after every six months. What will be the value of the plot after 2 years?
Find the amount and the compound interest on ₹ 10,000 in 3 years, if the rates of interest for the successive years are 10%, 15%, and 20% respectively.
The population of a city was 20,000 in the year 1997. It increased at the rate of 5% p.a. Find the population at the end of the year 2000.
The value of a car, bought for Rs 4,40,000 depreciates each year by 10% of its value at the beginning of that year. So its value becomes Rs 3,08,000 after three years.
