Question

The value of the car decreases annually by 20 % if the present value of the car is Rs. 450000 what will be its value after 2 Years

Answer 1

According to the question,
In 1 year price decreases 20%
In 2 years price decreases (20×2)% =40%
If cost price is 100; selling price is 60.
If cost price is 1 ;selling price is 60/100
Ifc.p.is 450000;selling price is(60/100)×450000
Selling price is 270000 after 2 years