Question

value of a car depreciates every year by 10%. if car's present value is ₹ 5,40,000, then
a) what was value last year, &
b) what will be value after 2 years​

Answer 1

a) Present value of car is Rs 540000

So, value last year would be

540000 + 10% of 540000

= 540000 + 54000

= 594000 Rs

b) Similarly value of car after 1 year

= 540000 - 10% of 540000

= 540000 - 54000

= 486000 Rs

So value of car after 2 years will be

486000 - 10% of 486000

= 486000 - 48600

= 437400 Rs