the value of car depreciates 15% every year. If the present value of the car is rupee 361250 after two years, what was the original price of a car?
debtwenty12pe7hvl:
present value of the car is rupee 361250 which is the original price so u want the price after two years, am i right
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let the original price of car is X
now,
X(1-15/100)^2=361250
X × (17/20)^2=361250
X = 361250×20/17×20/17
=21250×20×20/17
=1250×20×20
=500000
now,
X(1-15/100)^2=361250
X × (17/20)^2=361250
X = 361250×20/17×20/17
=21250×20×20/17
=1250×20×20
=500000
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