Question

. A car is valued at 4,00,000. If its value
falls at 2.5% per year, what will be its
value after 3 years ?​

Answer 1

Answer:

Present value of the car = Rs 4,00,000

Rate of falling of the value = 2.5%

Value after 3 years = 400000 [1 - 2.5/100]3

= 400000 [39/40]3

= 370743.75

Answer 2

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. A car is valued at 4,00,000. If its value

falls at 2.5% per year, what will be its

value after 3 years ?

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Depreciation in its value every year = (2.5/100×400000) = 10000

Depreciation of its value after 3 years =

= 400000-(10000×3)

= 400000-30000

= 3,70,000

Therefore the value of the car after 3 years will be Rs. 370000.