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  • The value of a residential flat constructed at a cost of rs.100000 is deprecating at the rate of 10% per annum. What will be its value 3 years after construction?

The value of a residential flat constructed at a cost of rs.100000 is deprecating at the rate of 10% per annum. What will be its value 3 years after construction?

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$ The initial cost residential flat (P) = Rs 1,00,000 $ \\ $Deprecation rate (r)= 10 percent per annum $ \\ $ Value after 3 years = $P(1-\frac{r}{100})^{time} \\ =1,00,000 \times (1-\frac{10}{100})^3 \\\\ = 100000 \times (0.9)^3 \\ = 72900

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Ravindra Pindel

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