The present value of car is Rs 5, 85,000. It was depreciated at the rate of 9 1 3 % in first year, 15 % in second year. Find the original price of the car
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Answer:
A=Rs. 5, 85,000
Rate=9 integer 1/3% first year
rate = 15% second year
A=p[1-r/100]^n
A=5,85,000*1-28/3 /100*1-15/100
=5,85,000*1-28/300*85/100
=5,85,000*272/300*85/100
=585*272*85/30
= Rs.4,50,840
Original price of car is Rs.4,50,840.
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