Question

A car is purchased for rs 360000.its value depreciates at 10% per annum during the first two yaers and at 20% per annum during the third year. what will be its value after 3years

Answer 1

10%of 360000 is 3600 so value after 3 years 360000-36000=324000-32400=291600-58320=233280
Thus the value of the car after 3 years is rs 233280.