Answer:
$2280
Step-by-step explanation:
Given: Cost of Air conditioner= $3000.
Rate of depreciation= 8%
Number of year= 3 years.
Now, finding the depreciation for 3 years.
Depreciation= [tex]\frac{Cost\ of\ air\ conditioner\times rate\ of\ depreciation\times years}{100}[/tex]
Amount of depreciation= [tex]\frac{\$ 3000\times 8\times 3}{100} = \$ 30\times 24[/tex]
∴ Amount of depreciation in 3 years is $720.
Cost of Air conditioner after 3 years= [tex]Original\ cost - Amount\ of\ depreciation[/tex]
⇒ Cost of Air conditioner after 3 years= [tex]\$ 3000-\$ 720= \$ 2280.[/tex]
∴ Cost of Air conditioner in 3 years is $2280.
Answer:
The cost of air conditioner after 3 years is $2336 .
Step-by-step explanation:
Given as :
The purchased price of air conditioner = p = $3000
The depreciated rate of air conditioner = r = 8% each year
The time period of depreciation = t = 3 years
Let The cost of air conditioner after 3 years = $A
Now, According to question
The cost of air conditioner after t years = purchased price of air conditioner × [tex](1-\dfrac{\textrm rate}{100})^{\textrm time}[/tex]
Or, The cost of air conditioner after 3 years = p × [tex](1-\dfrac{\textrm r}{100})^{\textrm t}[/tex]
Or, A = $3000 × [tex](1-\dfrac{\textrm 8}{100})^{\textrm 3}[/tex]
Or, A = $3000 × (0.92)³
Or, A = $3000 × 0.77868
∴ A = $2336.04
So, The cost of air conditioner after 3 years = A = $2336.04
Hence, The cost of air conditioner after 3 years is $2336 . Answer
