2 Views

Question : A mobile phone was bought for INR 25,000. The value of that mobile phone depreciates by 5% per annum due to its use. The value of the mobile phone after 2 years is:

Option 1: INR 22,562.50

Option 2: INR 23,842.50

Option 3: INR 21,546.50

Option 4: INR 24,800.50


Team Careers360 14th Jan, 2024
Answer (1)
Team Careers360 20th Jan, 2024

Correct Answer: INR 22,562.50


Solution : Initial Price = 25,000
Depreciation per annum = 5%
Depreciation after 2 years = $5 + 5 -\frac{5×5}{100}=10-0.25=9.75$%
So, the price after 2 years
= $(100-9.75)$% of 25000
= $\frac{90.25}{100}×25000$
= INR 22562.50
Hence, the correct answer is INR 22,562.50.

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books