Question

car is bought at 45 lakh its value depreciates at the rate of 5% per annum find its value after 2 years​

Answer 1

Answer:

its value will be 40.5 lakhs after 2 years.

Step-by-step explanation:

yearly decrease=5%

2 years decrease=5%*2=10%

=45 lakhs - 10% = 45 lakhs - 4.5 lakhs as it is 10% of 45 lakhs

=40.5 lakhs

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Answer 2

For first year :

A = 4500000×(100-5)/100

A = 4500000×95/100

A = 427500

For second year:

A = 427000×(100-5)/100

A = 427000×95/100

A= 406125

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