Q2 of 14 Page 95

A TV manufacturer decreases the price of a particular model by 5% each year. The current price of this model is 8000 rupees. What would be the price after 2 years?

Initial Price = 8000 Rs

Rate at which price decreases every year = 5%


This is the similar problem as we have solved earlier.


Problem in which decreasing rate is given, actually formula is same that we have used earlier but sign of the rate is negative. Because it is decreasing the principle value will less than the previous year.


Price after two year


= 7220 Rs


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