Question

The value of a car decreases annually by 20%. If the present value of the car is 23,45,000, what will be
its value after 2 years?

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Answer 1

Answer:

Let us suppose the value of the machine 1 year ago be 'x'

10% of x =x×

100

10

=

10

x

As per question

x−

10

x

=38700

10

9x

=38700

9x=387000

x=

9

387000

x=43000

Hence the value of machine 1 year ago will be Rs.43000