Question

2. A car was bought in 2013 for 3,00,000. If the
value of the car depreciates by 5% each year,
find its worth in the year 2016.​

Answer 1

Answer:

Rate of depreciation=5%.

Initial price =Rs.30,00,000

After 3 years

Final price will be =Rs.30,00,000(1−

100

5

)

3

=Rs.25,72,125

Step-by-step explanation:

hope it is helpful

Answer 2

Given :-

Cost of a car in 2013 = 3,00,000

Every year it's price will get down by = 5%

Then :-

5% of 300000 :-

$= \frac{\texttt{5}}{\texttt{100}} \times \texttt{300000}$

$= \frac{\texttt{5 × 300000}}{\texttt{100}}$

$= \frac{\texttt{1500000}}{\texttt{100}}$

$=\color{hotpink}\texttt{ 15,000}$

Which means each year, the price of the car depreciates by 15,000 .

The price of the car in 2016 :-

= the price of the car after three years :-

$= \texttt{300000 - 15000 × 3}$

$= \texttt{300000 - 45000}$

$=\color{hotpink} \texttt{255000}$

Therefore, the worth of the car in the year 2016 will be = 255,000