Question

16. The value of a car is depreciating at 5% per
year and is 3,15,875 after 2 years. What was
its original price ?​

Answer 1

Initial Value= x [say]

Depriciating rate= 5%per year.

So, After two years,

Final value= x-2*(5%of x)

= x-2*5x/100

= x-x/10

= 9x/10

But, final value as given = 3,15,875

Therefore,

9x/10 = 315875

So, x = 3158750/9

And thus, x = 350972.22

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