the present cost of a car is Rs 350000 . What will be the cost of car after 2 years ,if the cost of it decreases annually by 15%
Answers
Answer:
Cost of the car will be Rs 2,52,875.
Step-by-step explanation:
Given,
Present cost of the car : Rs 3,50,000.
Cost of car decreases annually every year by 15%.
Cost of the car after 1 year :
= > Present cost - decreased cost
= > Present cost - 15% of present cost
= > Rs 3,50,000 - 15% x Rs 3,50,000
= > Rs 3,50,000 - 15 / 100 x Rs 3,50,000
= > Rs 3,50,000 - Rs 52,500.
= > Rs 2,97,500.
Cost the car after 2 years :
= > Cost of the car of previous year - 15 / 100 x cost of the car of previous year
= > Rs 2,97,500 - 15 / 100 x Rs 2,97,500.
= > Rs 2,97,500 - Rs 44,625
= > Rs 2,52,875
Hence cost of the car will be Rs 2,52,875.
Answer–
Rs 2,52,875
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Given –
P = Rs 350000
T = 2 years
R = 15
Solution-
We know that
A = P (1 - R/100)^T
A = 350000(1- 15/100)²
On solving
A = 252875