The value of an automobile depreciates by 18.5 percent every year. if a new car costs rs. 565000 then what will be the price of the car after a year
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The value of an automobile depreciates by 18.5% every year. The value of a new car is 5,65,000 Rs.
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The price of the car after an year
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The price of a new car
= 565000 Rs.
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Now, 18.5% of 565000
= 18.5/100 × 565000
= 185/1000 × 565000
= 185 × 565
= 104525
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Now, price of car after 1 year
= original price - depreciated price
= 565000 - 104525
= 460475 Rs.
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