Question

7. The price of a car is 33,50,000. The value of the car depreciates by 20% in the first year and after that
depreciates by 25% every year. What will be the car's value after 3 years?
8. The value of a machine depreciates every year at the rate of 10%. If the value after 3 years after it was purchas
is 10,935, at what price was it purchased​

Answer 1

Answer:

Car Price = 350000

Car price after first year = 350000(1 - 20/100)

= 350000(4/5)

= 70000*4 = 280000

Car price after second year

= 280000(1-25/100)

= 280000(3/4)

= 210000

Car price after third year = 210000(1-25/100)

= 210000(3/4)

= 630000/4

= 157500