Question

THE VALUE OF A CAR IN THE YEAR 2020 WAS RS.1,00,000.IF THE VALUE OF DEPRECIATES EVERY YEAR AT THE RATE OF 5%.FIND THE VALUE IN THE YEAR 2021.

PLS ANSWER FAST WITH STEPS...

Answer 1

Answer:

Correct option is

A

233280

Current price of the car, Po=Rs360000

Rate of depreciation, 10% for first 2 years, 20% for the third year

Now, Let price after 2 years= P

Thus, P=Po(1+100R)T

P=360000(1+100−10)2

P=360000×10×109×9

P=291600

After the third year, let the price be P′

P′=P(1+100R′)T

P′=291600(1+100−20)1

P′=100291600×80

P′=233280

Thus, the car will cost Rs 233280 after three years.

Answer 2

Answer:

Step-by-step explanation:

ANSWER