A $T V$ set was purchased for $R s .27, 000$ . Its cost depreciates every by $5$ %. What will be its cost after $2$ years?

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Solution

Initial cost of motorcycle = Rs 27,000
rate of depreciates every years = 5%
time = 2 year
Interest = $\frac{27000 \times 5 \times 2}{100}$ =RS 2700.
cost of bike after 2 years = 27000-2700
= RS 24,300

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A TV set was purchased for Rs.27,000. Its cost depreciates every by 5%. What will be its cost after 2 years?

Initial cost of motorcycle = Rs 27,000rate of depreciates every years = 5%time = 2 yearInterest = 27000×5×2100 =RS 2700.cost of bike after 2 years = 27000-2700= RS 24,300

A $T V$ set was purchased for $R s .27, 000$ . Its cost depreciates every by $5$ %. What will be its cost after $2$ years?

Initial cost of motorcycle = Rs 27,000
rate of depreciates every years = 5%
time = 2 year
Interest = $\frac{27000 \times 5 \times 2}{100}$ =RS 2700.
cost of bike after 2 years = 27000-2700
= RS 24,300