Compound Interest and its Formula The cost of a...
A ₹ 14982 No worries! We‘ve got your back. Try BYJU‘S free classes today! B ₹ 16381 No worries! We‘ve got your back. Try BYJU‘S free classes today! C ₹ 15476 No worries! We‘ve got your back. Try BYJU‘S free classes today! D ₹ 17284 Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
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Solution The correct option is D ₹ 17284 Let P be the value of the refrigerator two years ago. A=P(1−10100)2
Given,
A = ₹ 14000
r = 10 %
n = 2 years
14000=P(1−110)2
14000=P(9 × 910 × 10)
P=14000 × 10 × 109 × 9
P=₹ 17284
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