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The cost of a car purchased 2 years ago, depreciates at the rate of 20% every year. If its present worth is Rs 315600, find its value after 3 years. |
164587.20 162367.20 155587.20 161587.20 |
161587.20 |
The correct answer is option (4) : 161587.20 Given $P=₹315600$ $n= 3years $ $i = 0.2$ So, $S= 315600 (1-0.2)^3$ $= 315600×(0.8)^3$ $= S= 161587.20$ |
