Question

a car purchased at a price of 750000 depreciates at rate of 22% each year. what will be the value of car at the end of 3 years ? by how much willit depreciate in 3 years? ​

Answer 1

Answer:

355914

Step-by-step explanation:

present amt=750000

rate of depreciation =22%

amt after 3 yrs= 750000×(1-22/100)³

=750000×78/100×78/100×78/100

=(75×78×78×78)/100

=355914

amt. after 3yrs= 355914