Question

1. The value of a car decreases 20% annually. If the car was purchased two years ago rs.
3,64,000, find the present value of the car.​

Answer 1

Answer:

291200 is the answer

Step-by-step explanation:

• 364000 -20

Answer 2

Answer:

₹2,32,800

Step-by-step explanation:

Depreciation value of car = 20%

Value  of car when it was purchased 2 years ago = ₹3,64,000

Value of car after one year = 20% of ₹3,64,000

= 3,64,000 - ($\frac{20}{100}$ × 3,64,000)

= 3,64,000 - 72,800

= ₹2,91,000

Value of car after 2 years =

= 2,91,000 - ($\frac{20}{100}$ × 2,91,000)

= 2,91,000 - 58,200

= ₹2,32,800

Therefore, present value of car = ₹2,32,800