Question

a car cost 240000 its value depreciates at the rate of 5% every year. if after some time period, its value is₹ 205770 find the time period.

Answer 1

Answer:

Step-by-step explanation:

240,000-205770= Interest

Interest =34,230

We have to find out This is how many % of 240,000

it is 14.26% Approx 15%

So, the time taken is 3 Years as per year it gives off its 5% of rate

Or you can also use this formula

T=Interest*100/P*T

Hope it helped you!!!

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