Grace bought a new van for Rs. $15000$ . Each year, the value of her car depreciated by $10 %$ . Calculate the value of car before $2$ years.

12150

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22150

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32150

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42150

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Solution

The correct option is A $12150$
Given, $P = 15000, r = 10 %$ depreciated, $n = 2$ years
We know, $A = P [{(1 - \frac{r}{100})}^{n}]$
$\Rightarrow A = 15000 [{(1 - \frac{10}{100})}^{2}]$
$\Rightarrow A =$ Rs. $12150$
The value of car before $2$ years is Rs. $12150$ .

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Grace bought a new van for Rs. 15000. Each year, the value of her car depreciated by 10%. Calculate the value of car before 2 years.

The correct option is A 12150Given, P=15000,r=10% depreciated, n=2 yearsWe know, A=P[(1−r100)n]⇒A=15000[(1−10100)2]⇒A= Rs. 12150The value of car before 2 years is Rs. 12150.

Grace bought a new van for Rs. $15000$ . Each year, the value of her car depreciated by $10 %$ . Calculate the value of car before $2$ years.

The correct option is A $12150$
Given, $P = 15000, r = 10 %$ depreciated, $n = 2$ years
We know, $A = P [{(1 - \frac{r}{100})}^{n}]$
$\Rightarrow A = 15000 [{(1 - \frac{10}{100})}^{2}]$
$\Rightarrow A =$ Rs. $12150$
The value of car before $2$ years is Rs. $12150$ .