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.
Answer & explanation
Correct answer: option 2
According to question ,
Value of flat after 3 years = 10,00,000 × \(\frac{90}{100}\) × \(\frac{90}{100}\) × \(\frac{90}{100}\)
= 7,29,000