value of a car decreases by 20% annually. if present value of the car is 3,45,000,what will be the value after 2 years
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Answer:
Step-by-step explanation:
Present value of the car ( x ) = Rs3,45,000
Annually decrease of the value = d = 20%
Car valueafter 2 years
= present value × ( 100 - d)/100 × (100 - d )/100
= 345000× ( 100 - 20 )/100× ( 100 - 20
)/100
= ( 345000 × 80 × 80)/ ( 100 × 100 )
= Rs 2, 20,800
Value of the car after 2 years = Rs 2,20,800
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