Question

The value of an old car depreciates 15 percent every year.if the present value of the car is ₹1,70,000,what was its value last year?

Answer 1

let the value of car last year be ' ₹ x '

Given that the present value of car
= ₹ 1,70,000
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since , the value of car depreciating every at the rate of 15% .then Find the depreciation in the value of car of last year :
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depriciation in the value of car=15% of x

= 15 × x / 100 = 0.15 x

according to question ,

value of car last year - depreciation in the value of car in last year = present value of car

x - 0.15 x = ₹ 1,70,000

x (1 - 0.15 ) = 1, 70 ,000

0.85 x = 1,70,000

85 x / 100 = 1,70,000

x = 1,70,00,000 / 85 =>x = ₹ 2,00,000

therefore ,

value of car in last year was ₹ 2,00,000
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Your Answer : ₹ 2,00,000
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