The value of an article is Rs. 12,000. Each year it depreciates by 5%. What will the value of the article be after 4 years?
Q1. The value of an article is Rs. 12,000. Each year it depreciates by 5%. What will the value of the article be after 4 years?
Answer: Rs. 9774
Explanation: Value after 4 years = 12000 × (0.95)⁴ = 12000 × 0.81451 ≈ Rs. 9774.