Question

The cost of a car is 4,80,000. Its value depreciates at the rate of 10% per annum. What would be
the value of the car after two years?​

Answer 1

Answer:

Depreciation=A=P(1−

100

r

)

n

=3,15,600(1−

100

20

)

2

=3,15,600(

5

4

)

2

=3,15,600×

25

16

=Rs2,01,984