Question

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

Answer 1

⚡Hey mate⚡

✨Here is your answer✨

Purchased price = 360000

Depreciate value for 2 years = 10%

Depreciate value 3rd year = 20%

We want car value after 3 years

First years depreciate value is

10 % of 360000

10 % = 360000 × 10 ÷ 100

10 % =36000

Depreciate value =360000 - 36000

Depreciate value = 324000


2nd year depreciate value is

10 % of 324000

10 % = 324000 × 10 ÷ 100

10 % = 32400

Depreciate value =324000 - 32400

Depreciate value = 291600

3rd year depreciate value

20 % of 291600

20 % =291600 × 20 ÷ 100

20 % = 58320

Depreciate value = 291600 - 58320

Depreciate value = 233280

Your answer is 233280.

I hope it's helpful for you. Thank you ❤️❤️