Question

The value of a car depreciates 10% every year. If the present value of the car is ₹430000. Then what what will be it's value after 2 years

Answer 1

Present value of car = 430000
value of machine depreciates every year = 10%
Value of machine after 1 year = 10% of 430000
=> 10/100×4320000
=> 43200000 /100
=> 432000
New price = 4320000-432000
=> 3888000
Value of machine after 1 year is 3888000
Value of machine after 2 year = 10% of 3888000
=> 10/100×3888000
=> 38880000/100
=> 388800
New price = 3888000-388800
=> 3499200
Hence the value of machine after 2 years is 3499200.

Answer 2

present cost of car = 430000
Value of car depreciates every year = 10%
value of car after 1 year = 10% of 430000
=> 10/100×430000
=> 43000
New price = 430000-43000
=>387000
cost of car after 2 years = 10% of 387000
=> 10/100×387000
=> 38700
New price = 387000-38700
=> 348300
Hence the required cost of car after 2 years is 348300.