Question

the present price of a car is ₹33,750.every year the price decreases by 4%. find the price of the car after 4 years​

Answer 1

Answer:

Rs. 28665.44

Step-by-step explanation:

We will use a formula for this :

initial value(1+R/100)

{This is used when the the rate is increasing but when it decreases we will minus the rate from 1}

______________________

So,

by applying this-

»» we have Initial value of 33750

»» Rate @ 4%

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Solution :-

= 33750 (1 - 4/100)⁴

= 33750 ( 100-4/100 )⁴

= 33750 (96/100)⁴

= 33750 × 96 × 96 × 96 ×96/100000000

=28665.4464

Answer 2

Answer:

28665.44

Step-by-step explanations

future value(A)=present value(P)(1-R/100)^n

given,

presentvalue =33750

n=4

R=4%

A=33750(1-4/100)⁴

=33750(1+0.04)⁴

=33750(0.96)⁴

=33750×0.8493

=28665.44