Question

A car was bought for Rs 2,40,000. Its value is depreciated at 15% per annum. What is the value of the car after three years?

Answer 1

Answer:

147384

Step-by-step explanation:

1st yr -

240000 ×1 5% = 36000

240000 - 36000 = 204000

2nd yr -

204000 × 15% = 30600

204000 - 30600 = 173400

3rd yr -

173400 × 15% = 26016

173400 - 26016 = 147384