Question

find the deprecation amount on a car bought for rs.250000 at the rate of 10 % after 3 years​

Answer 1

Initial value ( V ) = 250000

) = 250000Rate of interest = 10%

) = 250000Rate of interest = 10% time ( n) = 3 years

) = 250000Rate of interest = 10% time ( n) = 3 years depreciation of car =

= V * ( 1 - R/100 )n. ( n is power so don't be confused .)

= 250000 * ( 1 - 10 /100 )³

= 250000 * ( 100 - 10 /100 ) ³

= 250000 * ( 90 / 100 ) ³

= 250000 * 9/10*9/10*9/10

= 250 * 729

= 182250

therefore price of car after 3 years is Rs 1,82,250