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The value of a car depreciates every year by 10%. What will be its value after 3 years if its present value is ₹6,25,000? |
₹4,50,000 ₹4,52,250 ₹4,55,625 ₹4,62,500 |
₹4,55,625 |
Present value = 6,25,000 Depreciated value after 3 years at 10% p.a. = 6,25,000(1 + -10/100)^3 = 6,25,000(0.9)^3 = 6,25,000 * (0.729) The correct answer is Option (3) → ₹4,55,625 |
