Question

The present price of a car is ₹ 5,70,000. If the price decreases by 5% every year what will be its price after two years?​

Answer 1

Step-by-step explanation:

A new car costs Rs. 360000.Its price depreciates at the rate of 10% a year during the first two years and at the rate of 20% a year thereafter.What will be the price of the car after 3 years?

Current price of the car, P

o

=Rs360000

Rate of depreciation, 10% for first 2 years, 20% for the third year

Now, Let price after 2 years= P

Thus, P=P

o

(1+

100

R

)

T

P=360000(1+

100

−10

)

2

P=360000×

10×10

9×9

P=291600

After the third year, let the price be P

′

P

′

=P(1+

100

R

′

)

T

P

′

=291600(1+

100

−20

)

1

P

′

=

100

291600×80

P

′

=233280

Thus, the car will cost Rs 233280 after three years.

you can do with the help of example