Question

15. The value of a car decreases annually by 20%
If the present value of the ca
r is 345.000, what will be
its value after 2 years?
PROFIT AND LOSS​

Answer 1

Step-by-step explanation:

Present value of the car ( x ) = Rs3,45,000

Annually decrease of the value = d = 20%

Car valueafter 2 years

= present value × ( 100 - d)/100 × (100 - d )/100

= 345000× ( 100 - 20 )/100× ( 100 - 20 )/100

= ( 345000 × 80 × 80)/ ( 100 × 100 )

= Rs 2, 20,800

Value of the cat after 2 years = Rs 2,20,800

Hope it is helpful