Question

The value of refrigerator which was purchased 2 years ago depreciates at 12% pa If its present value is Rs 9680 for how much was it purchased?

• A. Rs 11500
• B. Rs 10500
• C. Rs 12000
• D. Rs 12500

Answer 1

The correct option is D Rs 12500

Let the purchased value is X then
$9680=X\times \frac{88}{100}\times \frac{88}{100}$
$X=\frac{9680\times 100\times 100}{88\times 88}$
$X=\frac{96800000}{7744}=Rs.12500$