Math, asked by kasturisethi1234, 9 months ago

the value of a car depreciates 15% every year . if the present value of the car is ₹361250 after two years, what was the original price of the car

Answers

Answered by biligiri

3

Step-by-step explanation:

A = P (1-r/100)ⁿ*

A = Rs 361250, r = 15%, n = 2 years , P = ?

361250 = P (1-15/100)²

361250 = P (85/100)²

P = (361250 × 100 × 100) / 85 × 85

P = Rs 5,00,000

original cost of the car was Rs 5 lakhs

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