The value of a car is 4,85,000. Its value is depreciating at a rate of 20% p.a. in the first year and 15% p.a. in the next three years. Find the value of car after 4 years.
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total percentage decrease after 4 years = 20%+15%+15%+15% = 65%
car value = 4,85,000
value of the car after 4 years = 35% of 4,85,000
= 169750rs
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