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A T.V manufacturer reduces the price of a particular model by 5% every year. The current price of this model is Rs. 8000. What would be the price after 3 years? |
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Answer» The present price of the T.V = Rs. 8000 rate of reduction = 5% , Price after 2 years = 8000 (1 – \(\frac{5}{100}\))2 = 8000 × (\(\frac{95}{100}\))2 = 8000 × \(\frac{95}{100}\) × \(\frac{95}{100}\) = Rs.7220 |
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