The price of a car is rupees 5 lakh and it depreciates by 6% every yea

1.	The price of a car is rupees 5 lakh and it depreciates by 6% every year. What would be the price after 2 year ?
Answer» Here the price every year is 6% less than the previous years price. First year’s price = Rs 500000 First year’s depreciation = 500000 × \(\frac{6}{100}\) = Rs. 300000 Second year’s price = Rs 4,70000 Second year’s depreciation = 470000 × \(\frac{6}{100}\) = 28200 The price of the car after 2 years = Rs 4,70,000 – Rs 28200 = Rs 441800

The price of a car is rupees 5 lakh and it depreciates by 6% every year. What would be the price after 2 year ?

Answer»

Here the price every year is 6% less than the previous years price.

First year’s price = Rs 500000

First year’s depreciation

= 500000 × \(\frac{6}{100}\) = Rs. 300000

Second year’s price = Rs 4,70000

Second year’s depreciation

= 470000 × \(\frac{6}{100}\) = 28200

The price of the car after 2 years

= Rs 4,70,000 – Rs 28200

= Rs 441800