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The Value of a Refrigerator Depreciates by 8% of Its Value at the Beginning of the Year. Find the Original Value of the Refrigerator If It Depreciated by Rs 2,392 in the Second Year. - Mathematics

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प्रश्न

The value of a refrigerator depreciates by 8% of its value at the beginning of the year. Find the original value of the refrigerator if it depreciated by Rs 2,392 in the second year.

योग

उत्तर

Let value of the refrigerator be Rs x. 

Vo =Rs x ; n = 2 ; r = 8 % 

Depreciation in the first year = 

`therefore "V"_"t" = "V"_0 xx (1 - "r"/100)^"n"`

`=> "V"_"t" = "Rs"  "x"  xx (1 - 8/100)`

`=> "V"_"t" = "Rs"  "x"  xx 23/25`

`=> "V"_"t" = "Rs"  0.92  "x"`

Depreciation in the second year = 

`therefore "V"_"t" = "V"_0 xx (1 - "r"/100)^"n"`

`=> "V"_"t" = "Rs"  0.92  "x" xx (1- 8/100)`

`=> "V"_"t" = "Rs"  0.92  "x"  xx 23/25`

`=> "V"_"t" = "Rs"  0.8464  "x" `

Depreciation in the value of refrigerator in the second year 
= Rs (0.92 x-0.8464 x) =Rs 2,392 
⇒ 0.0736 x = Rs 2,392 
⇒ x = Rs 32,500 
The original value of the refrigerator was Rs 32,500. 

shaalaa.com
Concept of Compound Interest - Use of Compound Interest in Computing Amount Over a Period of 2 Or 3-years
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 1: Compound Interest - Exercise 1.3 [पृष्ठ १०]

APPEARS IN

फ्रैंक Mathematics - Part 2 [English] Class 10 ICSE
अध्याय 1 Compound Interest
Exercise 1.3 | Q 13 | पृष्ठ १०

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