Question

The value of a car depreciates 10% every year . In the year of 2002, its value was Rs 540 000. Find the value of the car in the year 2003. epreciate

Answer 1

car depriciates 10%

so,

90% = 540000

1%. = 540000/90

= 6000

so,

again 10% depreciates

80% = 6000*80 = 480000

Answer 2

rate of depreciation= 10%

$amount = p(1 -\frac{r}{100} ) {}^{1} \\ = 540000(1 - \frac{10}{100} ) {}^{1} \\ = 540000( \frac{90}{100} ) \\ = 540000( \frac{9}{10} ) \\ = 540000 \times \frac{9}{10} \\ = 54000 \times 9 \\ =486000rs$

therefore amount=486000rs