If the value of the car depreciates each year by 20 % of its value at the beginning of the year and the present value of the car is RS. 80,000. what was the value a year ago
A. Rs. 37500
B. Rs. 24000
C. Rs. 86000
D. none of these
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Answer:
Present cost= C
o
Rate = 20%
Time = 2 years
Let after 2 years cost, C=208000
Thus, C=C
o
(1+
100
R
)
T
208000=C
o
(1−
100
20
)
2
C
o
=325000
Thus present cost is 325000 Rs.
hope it will help you dear ❤️
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