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Formula for CI

If a 12,000ca...

Question

If a 12,000 $c a r l o s e s$ 103$ years?

A

8748

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B

8750

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C

8752

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D

8744

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Solution

The correct option is A 8748
After $1^{s t}$ year the value of car is $12000 (1 - \frac{10}{100}) = 10800$
The value of car after $2^{n d}$ year is $10800 (1 - \frac{10}{100}) = 9720$
The value of car after $3^{r d}$ year is $9720 (1 - \frac{10}{100}) = 8748$

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