A TV manufacturer decreases the price of a particular model by 5% each year. The current price of this model is ₹8000. What would be the price after 2 years?

₹6240

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₹7220

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₹7860

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₹8450

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Solution

The correct option is B ₹7220
The present price of the T.V = ₹8000
rate of reduction = 5%,
Price after 2 years
$= 8000 {(1 - \frac{5}{100})}^{2}$
$= 8000 \times {(\frac{95}{100})}^{2}$
$= 8000 \times \frac{95}{100} \times \frac{95}{100}$
$= ₹ 7220$

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A TV manufacturer decreases the price of a particular model by 5% each year. The current price of this model is ₹8000. What would be the price after 2 years?

The correct option is B ₹7220The present price of the T.V = ₹8000 rate of reduction = 5%, Price after 2 years =8000(1−5100)2 =8000×(95100)2 =8000×95100×95100 =₹7220

The correct option is B ₹7220
The present price of the T.V = ₹8000
rate of reduction = 5%,
Price after 2 years
$= 8000 {(1 - \frac{5}{100})}^{2}$
$= 8000 \times {(\frac{95}{100})}^{2}$
$= 8000 \times \frac{95}{100} \times \frac{95}{100}$
$= ₹ 7220$