Question

mr. x bought a jeep at rs 500000 if it's value depreciates at the rate of 20% per annum find the value of the jeep after 2 years
correct answer will be marked brainlist​

Answer 1

Answer:

After 1st year, value of jeep =

$500000 - 500000 \times \frac{20}{100} = \\ 500000 - 100000 = \\ 400000$

after 2nd year, price become

$400000 - 400000 \times \frac{20}{100} = \\ 400000 - 80000 = \\ 320000$

so value after 2 years = ₹ 320000

Ans.