1. The value of a car depreciates at the rate of 15% per annum. If its present value is Rs 433500, then what was the value (in Rs) of the car 2 years ago?





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  • By: anil on 05 May 2019 02.03 am
    Let value of car 2 years ago = Rs. $$x$$ Rate of depreciation = 15% => Current value of car = $$x imes(1-frac{15}{100}) imes(1-frac{15}{100})=433500$$ => $$x=433500 imesfrac{100}{85} imesfrac{100}{85}$$ => $$x=60 imes10000=600000$$ $$ herefore$$ The value (in Rs) of the car 2 years ago = Rs.6,00,000 => Ans - (D)
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