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The cost of an article depreciates at 5% per annum. If it’s present cost is Rs. 15000, what will be average price of value of article a year ago and value of article after a year?1). Rs. 16789.52). Rs. 153453). Rs. 15750.44). Rs. 15019.73 |
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Answer» <P>Given, Present COST of an article = Rs. 15000 Cost of an article after n years, Amount = P[1 + (R/100)]n Cost of an article n years ago, Amount = P/(1 - R/100)n Cost of article after a YEAR = 15000[1 + 5/100] = 15000[95/100] = 14250 Cost of an article before a year = 15000/[1 - 5/100] = 15000/(95/100) = 15789.47 Average PRICE of value of article a year ago and value of article after a year = (14250 + 15789.47)/2 = 15019.73 |
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