A car valued at rs 400000 was purchased by mr makadia on 1st January 2010. The value of car falls Every year by rs 25000.At the beginning of which year the value of var will be zero
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Solution:
Value of the car is = ₹4,00,000
Date on which Mr. Makadiya bought the car = 1 January, 2010
The value which is deducted by the value of the car = 25,000
The date on which the value of the car will be zero = 400000÷25000= 16
= 16 yrs + 2010
= 2026
∴ Hence, the date on which the value of the car will be zero is = 1 January, 2026.
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