4.The value of a car depreciates every year at the rate of 8% per annum.What will be the value of the car after 3 years if its current value is ₹1 20 000?
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Answered by
0
Answer:
Answer
Present cost= C
o
Rate = 20%
Time = 2 years
Let after 2 years cost, C=208000
Thus, C=C
o
(1+
100
R
)
T
208000=C
o
(1−
100
20
)
2
C
o
=325000
Thus present cost is 325000
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