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

Cost of TV $=21000,$ Depreciation $=5$%

Value after one year $=$ Cost $–$ Depreciation $=21000-\frac{5}{100}\times 21000=19950$

$\therefore$ Value after one year is $Rs.19950$