the value of car deprecate 15% every year if a person value of car is rupees 3,61,250 after 2 year what was the original price of the car
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Given :
➻ Depreciation of car every year = 15%
➻ Present value of car after two years = Rs.3,61,250.
➻ Time period = 2 years
To Find :
➻ Original price of car
Using Formula :
☼ Where :-
➤ A = Amount of depreciation
➤ P = Principle
➤ R = Rate of depreciation
➤ n = Time period
Solution :
☼ Let the :-
Original price of car be Rs.x.
☼ Here :-
➛ A = Rs.3,61,250
➛ P = x
➛ R = 15%
➛ n = 2 years
☼ Now, finding the original price of car by substituting the values in formula :-
∴ The original price of car is Rs.500000.
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