The price of a car is Rs 3 25 000 the value of the car depreciates by 20% in the first year and after that, it depreciates by 25% every year. What will be the car's value after three years
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Total percentage decrease in 3 yrs= 20+25+25=70%
70% of 325000
= 70/100×325000
= Rs 227,500 depreciation
Therefore, price after 3 yrs=
325000-227,500 = 97,500
70% of 325000
= 70/100×325000
= Rs 227,500 depreciation
Therefore, price after 3 yrs=
325000-227,500 = 97,500
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