The cost of a car 175000. If it's value depreciates at the rate of 28% per annum, what will be its value after 3 years? also,find the total depreciates
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Dep 1st Yr = 175000 * 28/100 = 49000
Cost for 2 yr = 175000-49000= 126000
Dep 2nd Yr = 126000*28/100 = 35280
Cost for 3rd Yr = 126000-35280 = 90720
Dep 3rd Yr = 90720 *28 /100 = 25402
Cost after depreciation = 90720 - 25402 = 65318
Total dep(depreciation) = 49000 + 35280 + 25402 = ₹109682.
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