Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Percentages

Question:

The value of a residential flat constructed at a cost of ₹10,00,000 is depreciating at a rate of 10% per annum. What will be its value 3 years after the construction.

Options:

₹2,78,000

₹7,29,000

₹7,92,000

₹6,29,000

Correct Answer:

₹7,29,000

Explanation:

According to question ,

Value of flat after 3 years = 10,00,000 × \(\frac{90}{100}\) × \(\frac{90}{100}\) × \(\frac{90}{100}\)

= 7,29,000