Question

A cupboard costing Rs.16800 is depreciated at the rate of 15% per year. What will be the cost of the cupboard after 2 years.​

Answer 1

15162

Explanation:

after 1 year= 16800*95%= 15960

after 2 year= 15960*95%= 15162

Answer 2

Rs. 11132

Explanation:

formula for depriciation= P(1-R/100)^T

p= principal, r=rate, t=time