Question

The value of a car increases 10% every year what will be its value after 2 years if the present value is 145000 what % the value depriciates

Answer 1

Current value = 145000
Value on 1st year = 159500
Value on 2nd year = 175450

Answer 2

Here P = 145000
Rate of increase = 10%
T = 2 years
Therefore, the value will be after 2 years = P (1 – R/100)t×100
= 145000(1-10/100)2×100
=Rs 175450