the value of a car depreciates by 10% every year if the value of the new car is rupees 225000 what will be its value after one year?
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value of car after one year,
we know,
depreciated value=p(1-r/100)^n
=rupees[ 225000(1-10/100)]
=rupees 225000*90/100
=rupees 202500
we know,
depreciated value=p(1-r/100)^n
=rupees[ 225000(1-10/100)]
=rupees 225000*90/100
=rupees 202500
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