The present cost of a car is 382725 . If its value has depreciated at the rate of 10 percent per annum, what was its cost 3 years ago ? Also find the the total depreciation.
Answers
Explanation:
Given The present cost of a car is 382725 . If its value has depreciated at the rate of 10 percent per annum, what was its cost 3 years ago ? Also find the the total depreciation.
- Now value of the vehicle after 3 years will be
- = 382725 x (1 – 10 /100)^3
- = 382725 x 9 / 10 x 9/10 x 9/10
- = Rs 279006.525
- Therefore total depreciation will be = 382725 - 279006.525
- = Rs 103718.475
Reference link will be
https://brainly.in/question/11679834
Answer:
Cost of car three years back was 52503.03
Total depreciation = 14228
Explanation:
The current value of car is 382725. It has depreciated at 10% in last three years.
Cost of car one year ago;
382725 = x- x(10/100)
38275 = x – x0.1
38275 = 0.9x
X = 38275 / 0.9 = 42527.77778
Cost of car in 2nd year = 42527.7 / 0.9
Cost of car in 2nd year = 47253
Cost of car in 1nd year = 47253 / 0.9
Cost of car in 1nd year = 52503.33333
Cost of car three years back was 52503.03
Total depreciation = 52503 – 38275 = 14228