A car was purchased for Rs.500000. Its value depreciates at the rate of 20% per annum. What will be its value after 3 years?
Answers
↠ A car was purchased for Rs.500000. Its value depreciates at the rate of 20% per annum. What will be its value after 3 years?
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↠ Depreciates means decrease in amount over a period of time. So Value of car also depreciates so we have to subtract that amount to get value of car after that period of time.
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↠ Original price = Rs. 5,00,000
↠ Rate of depreciation = 20% per annum
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Let's Start !
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Let's find value of car after one year.
Value of car in starting of year = Rs. 5,00,000
Amount that will be depreciated = D
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Let's find value of car after two year.
Value of car in starting of year = Rs. 4,00,000
Amount that will be depreciated = D
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Let's find value of car after three year.
Value of car in starting of year = Rs. 3,20,000
Amount that will be depreciated = D
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Hope this helps u.../
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