Question

the value of a car depreciates every year by 20 % . find out the value after 2 years if its present value is rs 350000

Answer 1

QUESTION:-

➙ the value of a car depreciates every year by 20 % . find out the value after 2 years if its present value is rs 350000

ANSWER :-

➙ rs 224000

STEP BY STEP SOLUTION:-

Present value of the car = rs 350000

Decrease in the value of the car after 1 year

➙ 20% of rs 350000

➙ rs 20/100 × 350000 = rs 70000

• Depreciated value of the car after 1 year

= rs (350000 - 70000) = rs 280000

Decrease in the value of the car after 2 years

➙ 20% of rs 280000

➙ rs 20/100 x 280000 = rs 56000

• Depreciated value of the car after 2 years

= rs (280000 - 56000) = rs 224000

Answer 2

QUESTION:-

the value of a car depreciates every year by 20 % . find out the value after 2 years if its present value is rs 350000  

ANSWER :-

rs 224000