the value of a residential flat constructed at the cost of 1000000 is depreciating at the rate of 10%p.a. What will be its valre after 3 years?
Value of the flat= Rs 10,00,000
It's value id depreaciating at the rate of 10% p.a.
This means, that after year it's value will be Rs 10,00,000- (10% of Rs10,00,000)= Rs(10,00,000-100000)
Now cost of it after 3 years will be= Rs 10,00,000 - 3*(1,00,000)
Therefore, the value of the flat= 7 lakh rupees