The depreciation charged on a car is 20% per annum for the first 3 years and 25% per annum for the
next 3 years. What will be the value of the car after 6 years if the present value is Rs 4,00,000?
Answers
Given : The depreciation charged on a car is 20% per annum for the first 3 years and 25% per annum for the next 3 years.
present value is Rs 4,00,000
To Find : What will be the value of the car after 6 years
Solution:
Present value is Rs 4,00,000
The depreciation charged on a car is 20% per annum for the first 3 years
Price After 3 Years = 4,00,000 ( 1 - 20/100)³
= 4,00,000 ( 8/10)³
= 4,00,000 ( 512/1000)
= 400 x 512
=2,04,800
The depreciation charged on a car is 25% per annum for the next 3 years
Price After 3+ 3 = 6 Years = 2,04,800 ( 1 - 25/100)³
= 2,04,800 ( 3/4)³
= 2,04,800 ( 27/64)
= 3200 * 27
= 86400
value of the car after 6 years = Rs 86400
Learn More:
a computer is purchased for rs 50000 .it is estimated to depreciate at ...
https://brainly.in/question/18815832
1 : If depreciated value of a product after 4 year is22,000, at interest ...
https://brainly.in/question/26087327