Question

Please answer this question

Answer 1

Initial Cost of Car: ₹5,40,000

Depreciation rate for first year: 20%

Price of Car after First Year:

$540000 - 20\% \: of \: 540000$

$= 54000 - \frac{20}{100} \times 540000$

$= 540000 - 18000$

$= 522000$

Price of Car after 2nd year:

$522000 - 10\% \: of \: 522000$

$= 522000 - \frac{10}{100} \times 522000$

$= 522000 - 52200$

$= 469800$

Price of the Car after the end of 3rd year:

$469800 - 10\% \: of \: 469800$

$= 469800 - \frac{10}{100} \times 469800$

$= 469800 - 46980$

$= 422820$

With Regards from Venom...