A clock manufacturer decreases the price of a particular model by 6% each year. If the current price of the model is ₹4,500, then what would be the price after 2 years?
Here, V = current value = ₹ 4,500, n = 2 years, r = 6%,
Let, V2 = Price after 2 years
V2=4500×(10094)2 V2=₹5,093 (approx)
A TV manufacture reduces the price of a particular model by 5% every year. The current price of this model is 8000 rupees. What would be the price after 3 years?
The cost of a machine decreases by 10 % every year. Find the price after 2 years ,if the initial cost of the machine was ₹ 30000.