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ICSE Class 8 Answered

 A TV set was purchased for ₹16000 if the cost of TV after 2 years depreciates to ₹14440 find the rate of depreciation 
Asked by Agrawalkrish00 | 30 Sep, 2019, 09:52: PM
answered-by-expert Expert Answer
P = Rs. 16,000, n = 2 years, A = Rs. 14,440 where P be the purchased price and i be the depreciation rate.
A = P(1 - i)n
14,440 = 16,000(1 - i)2
0.09 = (1 - i)2 
1 - i = 0.3
i = 0.7
i = 0.7 × 100 = 70%
The rate of depreciation is 70%.
Answered by Sneha shidid | 01 Oct, 2019, 09:41: AM

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