rahul bought a car rs.4lakhs in 2018.The rate of depreciation is 10%per year.find the depreciation value of the car in the year 2020?
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Answer:
good morning hârhú the following figure out how
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Given :
Cost of the car = Rs, 4,00,000
Rate of depreciation = 10% per year
Time = 2 years = ( 2018 to 2020)
To Find :
The depreciated value of the car in 2020
Solution:
As per the given information -
Vn = ? Vo = 4,00,000, r = 10% and time = 2 years
Therefore,
Vn = Vo ( 1 - r/100)`n
Vn = 4,00,000 ( 1 - 10/100)²
= 4,00,000 ( 0.9)²
= 4,00,000 x 0.9 x 0.9
= 3,24,000
Answer: The depreciated value of the car in 2020 will be Rs, 3,24,000
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