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A TV was bought at a price of ₹ 21000. After 1 year the value of the TV was depreciated by 5%

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A TV was bought at a price of ₹ 21000. After 1 year the value of the TV was depreciated by 5% (Depreciation means reduction of the value due to use and age of the item). Find the value of the TV after 1 year.

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The C.P. of T.V = ₹ 21,000. 

After 1 year its value 

= 21000 – 5% of 21000 

= 21000 – 5/100 × 21000 

= 21000 – 1050 

= ₹19,950

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