Question

A TV was bought for Rs. 21,000 . The value of the TV was depreciated by 5% per annum. Find the value of the TV after 3 years. (Depreciation means the reduction of value due to use and age of the item)

Answer 1

To find the value of the TV after 3 years, you need to calculate the depreciation amount for each year and subtract it from the original value. The formula to calculate the depreciation amount is: Depreciation Amount = Original Value * (Depreciation Rate/100).

Step-by-step explanation:

To find the value of the TV after 3 years, you need to calculate the depreciation amount for each year and subtract it from the original value. The formula to calculate the depreciation amount is:

Depreciation Amount = Original Value * (Depreciation Rate/100)

Depreciation Rate for each year is 5%, so the depreciation amount for each year is:

1. Depreciation Amount = 21000 * (5/100) = Rs. 1050
2. Depreciation Amount = 21000 * (5/100) = Rs. 1050
3. Depreciation Amount = 21000 * (5/100) = Rs. 1050

To get the value of the TV after 3 years, subtract the total depreciation amount (1050 + 1050 + 1050) from the original value:

Value after 3 years = 21000 - (1050 + 1050 + 1050) = Rs. 17850