A two wheeler depreciates at 20 % of its value every year.
If present value of the same be 90000, its depreciated
value would be 36864 after how many years?
Answers
Answer:
Step-by-step explanation:
Given,
A two wheeler depreciates of its value every year = 20%
It's present value = Rs . 90000
Next year depreciated value of the two wheeler
= Rs.90000 × 20% = Rs.90000 × 20 / 100 = Rs. 18000
So, 1st year depreciated value = Rs.90000 - Rs. 18000 = Rs.72000
2nd year depreciated value of the two wheeler
= Rs.72000 × 20% = Rs 72000 × 20 / 100 = Rs 14400
So, 2nd year depreciated value = Rs 72000 - Rs 14400 = Rs 57600
3rd year depreciated value of the two wheeler
= Rs 57600 × 20% = Rs 57000 × 20 / 100 = Rs 11520
So, 3rd year depreciated value = Rs 57600 - Rs 14400 = Rs 46080
4th year depreciated value of the two wheeler
= Rs 46080 × 20% = Rs 46080 × 20 / 100 = Rs 9216
So, 4th year depreciated value = Rs 46080 - Rs 9216 = Rs 36864.
Thus, after 4 years it's deprecated value would be Rs 36864.
Therefore ,answer is 4 years.