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A TV was bought at a price of Rs. 21,000. After one year the value of the TV was depreciated by 5%. Find the value of the TV after one year.

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Rs. 19,750

Rs. 17,950

Rs. 19,950

Rs. 19,000

answer is C.

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Detailed Solution

We are given that after one year, the value of the TV is depreciated by 5%. And it was bought for

Rs . 21, 000

.
Value to be deduced

=

\frac{5}{100} \times Rs . 21000

\Rightarrow

Value to be deduced

= Rs . 1050

Value after 1 year

=

Rs . (21000 - 1050)

\Rightarrow

Value after 1 year

= Rs . 19, 950

So, the value of TV after one year is Rs. 19950.
Hence, the correct option is 3.

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