the value of a car decresses anually by 20%. if the present value of the car is 345000/-. what will be the value of car after two years
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Present value of car=345000/-
%decrease per year=20%
In first year,
Value of car=345000-(345000×20%)
=276000/-
After 2 years,
Value of car=276000-(276000×20%)
=220800/-
%decrease per year=20%
In first year,
Value of car=345000-(345000×20%)
=276000/-
After 2 years,
Value of car=276000-(276000×20%)
=220800/-
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