Question

5. The value of a car is 2,56,000. If the value depreciates at 2.5% p.a., what will be
its value after 3 years?
(1) * 2,15,000 (2) * 2,27,278 (3) * 2,37,270 (4) * 2,37,276​

Answer 1

• P=25600
• r=2.5%
• T=3yrs
• =2.5×3
• 7.5%
• =256000 ×75/1000
• =256×75
• =19200