Question

The cost of car depreciates every year by 25 percent of its cost at the begningof the year.if. the present cast of the car 265000 find its cast .after one year .and after 2 year

Answer 1

Answer:

present cost of car is 265000

rate of depreciation is 25%

AFTER 1 YEAR::

cost of car is calculated by

P[1-r/100]^n

265000[1-25/100}^1

265000[1-1/4]

265000×3/4

66250×3

198750.

ans..

AFTER 2 YEAR::

cost of car is calculated by

P[1-r/100]^n

265000[1-25/100]^2

265000[1-1/4]^2

265000[3/4]^2

265000×9/16

149062.5

ans...