Question

the value of a car decreases annually by 20% if the present value of the car is rupees 345000 what will be its value after 2 years

Answer 1

$345000(1 - \frac{20}{100} ) {}^{2} \\ 345000 \times \frac{4}{5} \times \frac{4}{5}\\ \\ 69000 \times 4\times \frac{4}{5} \\ 220800$

Answer 2

Right answer is ₹220800.