the value of a car depreciates every year by 20 % . find out the value after 2 years if its present value is rs 350000

Question

the value of a car depreciates every year by 20 % . find out the value after 2 years if its present value is rs 350000

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Ella 2 weeks 2021-09-07T13:41:51+00:00 2 Answers 0 views 0

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    0
    2021-09-07T13:43:29+00:00

    QUESTION:-

    the value of a car depreciates every year by 20 % . find out the value after 2 years if its present value is rs 350000  

    ANSWER :-

    rs 224000

    0
    2021-09-07T13:43:32+00:00

    QUESTION:-

    ➙ the value of a car depreciates every year by 20 % . find out the value after 2 years if its present value is rs 350000

    ANSWER :-

    ➙ rs 224000

    STEP BY STEP SOLUTION:-

    Present value of the car = rs 350000

    Decrease in the value of the car after 1 year

    ➙ 20% of rs 350000

    ➙ rs 20/100 × 350000 = rs 70000

    • Depreciated value of the car after 1 year

    = rs (350000 – 70000) = rs 280000

    Decrease in the value of the car after 2 years

    ➙ 20% of rs 280000

    ➙ rs 20/100 x 280000 = rs 56000

    • Depreciated value of the car after 2 years

    = rs (280000 – 56000) = rs 224000

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