The price of printer is Rs 150000 and is depreciated 4% annually. What is the price of printer after 3 years?
- 132710
- 131699
- 133766
- None of these
Explanation
Let's calculate the price of the printer after 3 years, considering an annual depreciation of 4%:
Year 1:
Depreciation = 4% of Rs. 150000 = Rs. 6000
Price after 1 year = Rs. 150000 - Rs. 6000 = Rs. 144000
Year 2:
Depreciation = 4% of Rs. 144000 = Rs. 5760
Price after 2 years = Rs. 144000 - Rs. 5760 = Rs. 138240
Year 3:
Depreciation = 4% of Rs. 138240 = Rs. 5529.60
Price after 3 years = Rs. 138240 - Rs. 5529.60 = Rs. 132710.40
Rounding to the nearest whole number, the price of the printer after 3 years is:
Rs. 132710
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