Question

Sonika bought a car for 5,50,000. The value of the car depreciates at the rate of 5% every six months. What is the value of the car after 2 years?​

Answer 1

Answer:

440000

Step-by-step explanation:

price of car =550000

depreciation rate per 6 months=5%

=550000×5÷100

=27500

depreciation of 2 years = 27500×4

=110000

value of car after 2 years of depreciation =550000-110000

=440000