Sam purchased a car for rs 2,00,000 , at it is assumed that its value will be depreciated by 10% each year. What will be its value after 4 years?
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Answer:
Rs 1,20,000 value of car after 4 years.
Step-by-step explanation:
Cost of a car : 2,00,000
percent depreciated by each year = 10%
10/100 × 200000 = 20000 is depreciated by each year.
Value of depreciated by each year : 20000
no. of year after value is needed = 4
20000 × 4 = 80000 depreciated in 4 years
Cost of a car : 2,00,000
amount of depreciated by 4 years : 80,000
200000 - 80000 = 1,20,000 cost of a car after 4 years.
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