Question

the value of the car depreciates 20% every year .if after two years price of a car is Rs 4,20,000, find the original price of the car?

Answer 1

Answer:

The original price of the car is rupees 656250.

Step-by-step explanation:

Let the initial price of car be x.

It is given that if car depreciates 20% every year, then after two years the value of car is rupees 420000.

x(1-\frac{20}{100})^2=420000

x(1-0.2)^2=420000

x(0.8)^2=420000

x(0.64)=420000

x=\frac{420000}{(0.64)}=656250

Therefore the original price of the car is rupees 656250.