Question

the value of a car decreases annually 20% if the present value of the car is 450000 what will bw its value 1 year agi

Answer 1

Answer:

One year ago the price of car is ₹5,62,500/-

Step-by-step explanation:

After the first year the price of car is decrease by 20%

So present car price is 80%

80% = ₹4,50,000

100% = (4,50,000 / 80 ) × 100

100% = ₹5,62,500

So,

One year ago the price of car is ₹5,62,500/-