Question

a new car is purchased for 400000 its value depreciate at the rate of 10 percent per annum. what will be its value after 4 years

Answer 1

QUESTION ----- a new car is purchased for 400000 its value depreciate at the rate of 10 percent per annum. what will be its value after 4 years ?

ANSWER -----

Old price = 400000
Rate = 10 %
Time = 4 years

Using Formula,

A = P ( 1 + R/100) ^ T
In case of depreciation,
A = P ( 1 - R/100) ^ T

New price = 400000 ( 1 - 10/100) ^ 4

New price = 400000 ( 9/10 ) ^ 4

New price = 400000 × 9/10 × 9/10 × 9/10 × 9/10

New price = 40 × 9 × 9 × 9 × 9

New price = 262440

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ANSWER = Rs. 262440
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Answer 2

value of car =400000rupees
depreciated %age = 10%per annum
40%of 400000
160000rupees