Compound Interest Practice Test 3

Question : 23 of 40

Marks: +1, -0

Find the value of a TV after 3 years if it is depreciated at the rate of 8% p.a. 25% and 40% p.a. for the first year, second year and third year respectively. It purchased for Rs 1 lakh.

Rs 40,400
Rs 45,300
Rs 41,000
Rs 41,400
Rs 44,100

Validate

Solution:

Value after 3 years

= 1,00,000 (1-8/100)(1-25/100)(1-40/100)

=1,00,000×92/100×3/4×6/10

=41,400

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