Question

5.Ravi bought a car for Rs 5,60,000.The value of car depreciates at the rate of 20%.What would be the value of car after 3 years?
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Answer 1

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The price of car will be ₹2,86,720.

✨Step-by-step explanation✨:

✨Given✨:

• Initial price of car = ₹5,60,000
• Depreciation percentage = 20%
• Years for the cars which will depreciate value = 3 years

✨To Find✨:

• Price of car after 3 years

✨Solution✨:

Price of car depreciated after 1 year = Original Price of Car - (Original Price of Car × Depreciation %)

    → ₹5,60,000 - (₹5,60,000 × 20%)

    ⇒ ₹5,60,000 - (₹5,60,000 × $\frac{20}{100}$)

    ⇒ ₹5,60,000 - ₹1,12,000

    ⇒ ₹4,48,000

★ ${\boxed{Price \ of \ car \ depreciated \ after \ 1 \ year = Rs. \ 4,48,000}$

Price of car depreciated after 2 years = Price of Car after 1 year - (Price of Car after 1 year × Depreciation %)

    → ₹4,48,000 - (₹4,48,000 × 20%)

    ⇒ ₹4,48,000 - (₹4,48,000 × $\frac{20}{100}$)

    ⇒ ₹4,48,000 - ₹89,600

    ⇒ ₹3,58,400

★ ${\boxed{Price \ of \ car \ depreciated \ after \ 2 \ years = Rs. \ 3,58,400}$

Price of car depreciated after 3 years = Price of Car after 2 years - (Price of Car after 2 years × Depreciation %)

    → 34,58,400 - (₹3,58,400 × 20%)

    ⇒ ₹3,58,400 - (₹3,58,400 × $\frac{20}{100}$)

    ⇒ ₹3,58,400 - ₹71,680

    ⇒ ₹2,86,720

★ ${\boxed{Price \ of \ car \ depreciated \ after \ 3 \ years = Rs. \ 2,86,720}$

Hence, price of Ravi's car after 3 years = Rs. 2, 86, 720

Thank you

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⟶ BrainlyTopper97

Answer 2

Step-by-step explanation:

hope it helps you..........