This question was previously asked in

MP Police Constable Previous Paper 18 (Held On: 28 Aug 2017 Shift 2)

Option 1 : Rs. 729000

Electric charges and coulomb's law (Basic)

42773

10 Questions
10 Marks
10 Mins

**Given:**

The value of a flat initially = Rs. 1000000

Rate of depreciation = 10% p. a

**Concept used:**

Amount after depreciation after 3 years = initial amount × (100 - the rate of depreciation)^{3}

**Calculation:**

Amount after depreciation after 3 years = 1000000 × [(100 - 10)%]^{3}

Amount after depreciation after 3 years = 1000000 × 9/10 × 9/10 × 9/10 = Rs 729000

**Amount after depreciation after 3 years is Rs 729000.**