Question

A new car cost 120.000 after one year its value decrease by 20% for second year its value is further reduced by 10% whats the value after 2 year

Answer 1

Solution:
Current value of the car = ₹120000
Value after 1 year = (1 - 20/100) × 120000
= ₹96000/-
Value after 2 year = (1 - 10/100) × 96000
= ₹86400/-

Hence the value of the car after 2 years will be ₹86400/-

Hope you got it!