A new car is purchased for Rs. 2,50,000. It's value depreciates at the rate of 10% in the first year, 8% in the second year and then 6% every year.firnd it's value after 4 years

 

Asked by Jainkarishma76 | 22nd Sep, 2019, 02:32: AM

Expert Answer:

A new car is purchased for Rs. 2,50,000.
It's value depreciates at the rate of 10% in the first year
The value after 1st year = 2,50,000 (1 - 10/100) = Rs. 2,25,000
depreciates 8% in the second year 
The value after 2nd year = 2,25,000 (1 - 8/100) = Rs. 2,07,000
depreciates 6% in 3rd year
The value after 3rd year = 2,07,000 (1 - 6/100) = Rs. 1,94,580
depreciates 6% in 4th year
The value after 3rd year = 1,94,580 (1 - 6/100) = Rs. 182905.2

Answered by Sneha shidid | 22nd Sep, 2019, 05:16: PM