9. A car is purchased for 348000. Its value depreciates at 10% per annum during the first year and
at 20% per annum during the second year. What will be its value after 2 years?
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Step-by-step explanation:
Cost of car = Rs. 348000
Rate of depreciation
(
R
1
)
=
10
%
p
.
a
.
for first year
∴
(
R
2
)
=
20
%
p.a. for second year
∴
Value after 2 years
=
P
(
1
−
R
1
100
)
(
1
−
R
2
100
)
=
R
s
.
348000
(
1
−
10
100
)
(
1
−
20
100
)
=
R
s
.
348000
×
9
10
×
4
5
=
R
s
.
250560
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