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.
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the rate of depreciation= i = 15%
no.of years for which the machine is put to use =n= 2
value at the end of 2 years =A= 361250
P = value at the beginning
P(1-i)^n = A
P(1-15/100)^2 = 361250
p(1- 0.15)^2 = 361250
p(0.85)^2 = 361250
p(0.7225) = 361250
p = 361250/0.7225
p= 500000= original price of the car
no.of years for which the machine is put to use =n= 2
value at the end of 2 years =A= 361250
P = value at the beginning
P(1-i)^n = A
P(1-15/100)^2 = 361250
p(1- 0.15)^2 = 361250
p(0.85)^2 = 361250
p(0.7225) = 361250
p = 361250/0.7225
p= 500000= original price of the car
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8
Answer:
The answer is ₹500000
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