A new car costs rupees 3,60,000. It's price depreciates at 10% p.a during first two years and 20% p.a in the third year. What will be the price of the car after 3 years

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Solution

10% of 3,60,000 is 36,000

So the depriciatiom in the 1 st year is = 360000-36000=324000

Again there is a 10%depreciation in the next year which is 10%of 324000

So the value in the 2 nd year= 324000-32400=291600

Again in the 3 rd year the value depriciates by 20%
Which is 20%of 291600

There for value of the car after 3 years would be= 291600-(58320)=233280

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