Question

The value of car reduces by 20% every year. If the value of a new car is 350000. Find oys value after 2 years.

Answer 1

Answer:

224000

Step-by-step explanation:

After one year

=20 percent * 350000

=20/100 *350000

=70000

Now subtract 70000 from 350000

=350000-70000

=280000

After two years

Again

=20 percent * 280000

=20/100*280000

=56000

Now subtract 56000 from 280000

=280000-56000

=224000

This is the correct answer.....

I think this may help you...........

Answer 2

SOLUTION -

Present value of the car = ₹ 350000

decrease in the value of the car after 1 year

⟹ 20% of ₹ 350000

$⟹ ₹ \dfrac{20}{100} \times 350000$

⟹ ₹ 70000

★ Depreciated value of the car after 1 year

⟹ ₹ (350000 - 70000) = ₹ 280000

Decrease in the value of the car after 2 years

⟹ 20% of ₹ 280000

$⟹ ₹ \dfrac{20}{100} \times 280000$

⟹ ₹ 56000

★ Depreciated value of the car after 2 years

⟹ ₹ (280000 - 56000) = ₹22400