Question

The value of car decrease annually by 20 percent if the present value of car is 225000 what will be the value after 2 year?

Answer 1

Answer:  Hence the vaue of car after 2 years will be 144000  

Step-by-step explanation:

Alright, lets get started.

The present value of car is : $225000$

The value is decreasing 20 % annually, so

$225000*\frac{20}{100}$

$45000$

So, the new decreased value of car in first year will be :

$225000-45000=180000$

Now next year, this car value again decreased by 20 % , so

$180000*\frac{20}{100}=36000$

So new decreased value of car will be : $180000-36000=144000$

Hence the vaue of car after 2 years will be 144000   :   Answer

Hope it will help :)