Question

If the value of a car depreciates by 6% each year and its current value is 3 lakhs, find its value the next yr.​

Answer 1

Answer:

300000*6%=18000

300000-18000=282000

Answer 2

Answer:

The price of car in the next year will be Rs. $282000$.

Step-by-step explanation:

Given : Depreciation in car value per year = $6$%

           Current price of the car = $3$ lakhs

To find : The value of car in the next year = ?

Solution :

• It is given that depreciation in car value per year = $6$%

           Current price of the car = $3$ lakhs

• We have to find the value of car in the next year.
• Depreciation means the decrement in the price.
• In order to find the value of car in the next year, we have to first calculate depreciation amount.
• To find depreciation, calculate $6$% of $3$ lakhs.

           Depreciation cost = $\frac{6}{100} *300000$  

                                     = Rs. $18000$

• Now, to find the value of car in the next year, subtract depreciation cost from the current price of the car.
•  Price of car in the next year = Current year price - Depreciation cost

                                          = $300000-18000$

                                          = Rs. $282000$

• ∴ The price of car in the next year will be Rs. $282000$.