Question

A TV was bought at a price of Rs. $21000$. After $1$ year the value of the TV was depreciated by $5\%$. (Depreciation means reduction of the value due to use and age of the item). Find the value of the TV after $1$ year.

Answer 1

Price of TV $21,000$

Percentage decrease $5\%$

Therefore, price of the TV after $1$ year,

$=21000-5\%\times 21000$

$=21000-\frac{5}{100}\times 21000$

$=21000-1050$

$=Rs.19,950$