Question : A TV was bought for Rs. 21,000. After one year, its value depreciated by 5%. What will be the value of the TV after one year?
Option 1: Rs. 19,950
Option 2: Rs. 20,950
Option 3: Rs. 18,950
Option 4: Rs. 17,950
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Correct Answer: Rs. 19,950
Solution :
Given: A TV was bought for 21,000.
After one year the value of the TV was depreciated by 5%.
The value of the TV after 1 year = 21000 × $\frac{95}{100}$ = Rs. 19,950
Hence, the correct answer is Rs. 19,950.
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