Question

the value of a car in decreases annually by 20% if the present value of the car will 450000, what will be its value after 2 years

Answer 1

Let the present value be 100%
Next year it will be 80%
And after 2 year be 64%
If 100%=450000₹
1%=4500
64%=64*4500=288000

Answer 2

Answer:

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Step-by-step explanation:

Present value = 4,50,000

Value after 1 year = 4,50,000- (20% of 4,50,000)

⇒ 4,50,000 - (20/100 * 4,50,000)

⇒ 4,50,000 - 90,000

⇒ 3,60,000

Value after 2 years = 3,60,000- (20% of 3,60,000)

⇒ 3,60,000- (20/100 * 3,60,000)

⇒ 3,60,000- 72,000

⇒ 2,88,000