Welcome Guest | Sign in | Register
Compound Interest - Discussion Page For Q.142 | Aptitude Questions and Answers | Aptitude Free Online-Tests | LucentBlackBoard | LucentBlackBoard.com

Home > Arithmetic Aptitude > Compound Interest > Questions and Answers Discussion

Q: The value of a refrigerator that was purchased 2 years ago, depreciates at 12% per annum. If its present value is Rs. 9680, how much was it purchased
A. Rs. 12145 B. Rs. 12142
C. Rs. 12700 D. Rs. 12500

Answer and Explanation

Answer:Rs. 12500

Explanation:
Let the cost price if the refrigerator be Rs. V
The present value of the refrigerator = V( 1- 12/100)2 = V(22/25)2
∴ 9680 = V×(22/25) ×(22/25)
V= Rs. 12500

Comment on this Question

Name:

Loading...




Partner Sites
LucentBlackBoard.com                  SoftLucent.com                  LucentJobs.com
All rights reserved 2012-2015 SoftLucent.