A car is valued at ₹ 525000 .It depreciates by 20% in the first year and thereafter each year by15% of its value at the beginning of that year . Find its value (i) after 2 (ii) after 3 years.
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Answers
Answered by
2
Answer:
after 2 years-357000 after 3 yrs-303,450
Answered by
4
Answer:
i) after 2 years :- 357000 , ii) after 3 years :- 303450
Step-by-step explanation:
initial value = 525000
in first year(20% decrement) = 5250000- 20/100 * 5250000
= 5250000 - 105000
= 420000
in 2nd year ( 15% decrement) = 42000 - 15/100 * 42000
= 420000-63000
=357000
in 3rd year ( 15% decrement) = 357000 - 15/100 * 357000
= 357000 - 53550
= 303450
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