Initial value of a car is Rs.20000. The

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Percentages

Question:

Initial value of a car is Rs.20000. The value of car depreciated by 20% of its initial value each year. What will be its value after 3 years ?

Options:

Rs. 10560

Rs. 11980

Rs. 9840

Rs. 10240

Correct Answer:

Rs. 10240

Explanation:

Decreased value = 20000 × \(\frac{80}{100}\) × \(\frac{80}{100}\) × \(\frac{80}{100}\)

= 20000 × \(\frac{4}{5}\) × \(\frac{4}{5}\) × \(\frac{4}{5}\)

= 10240