Practicing Success
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. |
₹2,78,000 ₹7,29,000 ₹7,92,000 ₹6,29,000 |
₹7,29,000 |
According to question , Value of flat after 3 years = 10,00,000 × \(\frac{90}{100}\) × \(\frac{90}{100}\) × \(\frac{90}{100}\) = 7,29,000 |