Question

Nalanda can't appreciate annually by 10% the present value of the car is 650000 find its value after 2 years

Answer 1

By simple method , we have ,

Present value = ₹ 650000

Decrease in first year = 10% = 10% of 650000=10/100*650000=₹65000

So,value after first year = ₹650000-65000=₹585000

Decrease in second year = 10% = 10% of 585000 = ₹58500

Value after second year = 585000 - 58500 = ₹526500

Answer : Hence , the car's value of two years is ₹526500