Question

The value of a car depreciates annually by 10%. If the present value of the car be ₹650000,find its value after 2 years.
PLEASE!!

Answer 1

hope this helps you

Answer 2

Answer:

The value of the car after depreciation for two years = Rs. 526500

Step-by-step explanation:

Rate of Interest = 10%

Time = 2 years

Present value, P = Rs. 650000

$Amount=P(1-\frac{Rate}{100})^n\\\\\implies Amount = 650000\times (1-\frac{10}{100})^{2}\\\\\implies Amount=650000\times\frac{90}{100}\times \frac{90}{100}\\\\ \implies Amount=Rs.\: 526500$

Hence, The value of the car after depreciation for two years = Rs. 526500