the present cost of a car is 382725. if its value has depreciated at the rate of 10% per annum ,what its cost 3 years ago . also find the total depreciation
Answers
Answered by
11
To solve this problem, let us know the formula for depreciation:
A = P × (1 - r/100)^n ,
where
- A = cost after n years
- P = present cost
- r = rate of depreciation
Now we proceed to solve the problem:
Given:
- Present cost of the car = Rs. 382725
- Rate of depreciation = 10 % p. a.
- Time = 3 years
To find:
- Cost of the car 3 years ago = ?
- Total depreciation = ?
Let the cost of the car before 3 years was Rs. P
Then, P × (1 - 10/100)^3 = 382725
or, P × (1 - 1/10)^3 = 382725
or, P × (9/10)^3 = 382725
or, P × 729/1000 = 382725
or, P = 382725 × 1000/729
or, P = 525000
Therefore 3 years ago, the cost of the car was Rs. 525000.
Hence total depreciation is
= cost (3 years ago) - present cost
= Rs. (525000 - 382725)
= Rs. 142275
Related problems:
- Teena bought a car for Rs. 4,36,000 at the end of 2011. Its value depreciates at the rate of 15% each year. She sold her car at the end of 2014. At what price did she sell her car? - https://brainly.in/question/12939057
- A new computer costs Rs. 100000. The depreciation of computers is very high as new models with better technological advantages are coming into the market. The depreciation is as high 50% every year. How much will the cost of computer be after 2 years? - https://brainly.in/question/13340451
Answered by
1
Answer:
idk
Step-by-step explanation:
Similar questions