Question

The value of car reduces 20% every year if the value of new car is ₹3,50,000 find the value of it after 2 years

Answer 1

Answer:

The value of car after 2 years = ₹ 2,24,000

Step-by-step explanation:

$amount = p(1 - \frac{r}{100}) ^{n} \\ = 350000(1 - \frac{20}{100} )^{2} \\ = 350000( \frac{1}{1} - \frac{1}{5} )^{2} \\ = 350000( \frac{5 - 1}{5} )^{2} \\ = 350000( \frac{4}{5} )^{2} \\ = 350000( \frac{4 \times 4}{5 \times 5} ) \\ = 350000 \times \frac{16}{25} \\ = 14000 \times 16 \\ = 224000$

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