Question

jaya bought a car worth 350000 four yrs ago if the value of the car depreciated over time at a fixed rate 10percent annum then what will be the present worth of a car

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Answer 1

the car will be present worth 2,29,635

Step-by-step explanation:

cost price=3,50,000

deprecation per year=10%

so in the first year,the car will lose a value of 35000(10% of the cost price)

so the price after 1 year will be 315000

the next year,the price will depreciate into 283500

the next year,the price will again depreciate by another 10%

so the price will be 255150

the fourth year,the price will be decreased by another ten percent ,which means,the price will be

229635