2. A car was bought in current 2015
for 3,00,000. If the value of the car
depreciates by 5% each year, find its
worth in the year 2018 .
Answers
Answered by
2
Answer:
5%of 300000 is =15000
So it's value in 2016=2,85,00
Value in 2017=2,70,000
Value in 2018= 2,55,000
Answered by
15
Step-by-step explanation:
CP = 300000
Deprecates = 5 percent
Amount =P(1-R/100) Time
= 300000(1-5/100)3years
= 300000(19/20)3years
= 300000 ×19/20×19/20× 19/20
=300×19×19×19/8
=2057700/8
= 257212.5
257212.5 is worth in the year 2018
Similar questions