Question

7. The value of a car depreciates annually by 10%. If the present value of the car be 650000 find
its value after 2 years.​

Answer 1

Step-by-step explanation:

present value of car=650000(amount)

Rate=10%(r)

Time=2years(n)

To find the value of car=principal

Amount=Principal×(1-r/100)n

650000=p×(100-10/100)²

650000=p×(90/100)²

650000=p×8100/10000

p=650000×8100/10000[0 will be cancelled]

p=65×8100

p=526500

value of car after 2 years =526500