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Application of Formula of CI

A company bou...

Question

A company bought a car that had a value of Rs. $10000$ . each year the value of the car depreciates by $15 %$ . What is the value of the car at the end of $2$ years.

7225

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6225

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5225

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4225

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Solution

The correct option is B $7225$
Given, $P = 10000, r = 15 %$ depreciation, $n = 2$ years
We know $A = P [{(1 - \frac{r}{100})}^{n}]$
$\Rightarrow A = 10000 [{(1 - \frac{15}{100})}^{2}]$
$\Rightarrow A =$ Rs. $7225$
Therefore, the value of car after $2$ years is Rs. $7225$ .

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A company bought a car that had a value of Rs. 10000. each year the value of the car depreciates by 15%. What is the value of the car at the end of 2 years.

The correct option is B 7225Given, P=10000,r=15% depreciation, n=2 yearsWe know A=P[(1−r100)n]⇒A=10000[(1−15100)2]⇒A= Rs. 7225Therefore, the value of car after 2 years is Rs. 7225.

A company bought a car that had a value of Rs. $10000$ . each year the value of the car depreciates by $15 %$ . What is the value of the car at the end of $2$ years.

The correct option is B $7225$
Given, $P = 10000, r = 15 %$ depreciation, $n = 2$ years
We know $A = P [{(1 - \frac{r}{100})}^{n}]$
$\Rightarrow A = 10000 [{(1 - \frac{15}{100})}^{2}]$
$\Rightarrow A =$ Rs. $7225$
Therefore, the value of car after $2$ years is Rs. $7225$ .