An air conditioner depreciates in value by 8% every year. At the end of year 2002 it is valued at Rs 18400. Calculate its value at the end of (i) year 2003, (ii) year 2001.

Asked by brajnandankumar8141 | 31st Mar, 2021, 03:22: PM

Expert Answer:

F o r space 2003
I f space t h e space v a l u e space d e p r i c i a t e s space b y space x percent sign space t h e n space v a l u e space o f t e r space a space y e a r space i s space g i v e n space b y
P open parentheses 1 minus x over 100 close parentheses space w h e r e space P space i s space t h e space p r e s e n t space v a l u e
18400 open parentheses 1 minus 8 over 100 close parentheses rightwards double arrow 18400 open parentheses 92 over 100 close parentheses equals 16928
F o r space 2001
L e t s space s a y space t h e space v a l u e space o f space a i r space c o n d i t i o n e r space b e space y space i n space 2001 space t h e n
Y open parentheses 1 minus 8 over 100 close parentheses equals 18400
Y cross times 92 over 100 equals 18400
Y equals 20 comma 000

Answered by Utkarsh Lokhande | 2nd Apr, 2021, 02:27: PM

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