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14. Compound Interest
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Q6 of 89 Page 14

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

Given,


Present value of refrigerator = Rs. 9680


Rate of depreciation = 12%


Let price of it 2 years ago = Rs.X


So,


=


= X


= X = = 12500


Hence,


Price of refrigerator 2 years ago was = Rs.12500


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4

Mohan purchased a house for Rs. 30000 and its value is depreciating at the rate of 25% per year. Find the value of the house after 3 years.

5

The value of a machine depreciates at the rate of 10% per annum. It was purchased 3 years ago. If its present value is Rs. 43740, find its purchase price.

7

The cost of a T.V. set was quoted Rs. 17000 at the beginning of 1999. In the beginning of 2000 the price was hiked by 5%. Because of decrease in demand the cost was reduced by 4% in the beginning of 2001. What was the cost of the T.V. set in 2001?

8

Ashish started the business with an initial investment of Rs. 500000. In the first year he incurred a loss of 4%. However during the second year he earned a profit of 5% which in third year rose to 10%. Calculate the net profit for the entire period of 3 years.

Questions · 89
14. Compound Interest
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