Question

Mr. Dev bought a car for Rs.5 lakhs in year 2009. The value of the car depreciates by 15,000
per year. Find out the year in which the value of the car will be less than half the buying price?

Answer 1

2026 ( after 17 years )

Step-by-step explanation:

The price of the car is 500000

depreciation per year is 15000

half of purchase price 250000

after 17 years the total depreciation is

₹15000*17years=₹255000

purchased for 5 lakh

500000-255000=245000( the value in 2026 after 17 years )

Hope it helped !