Sanjay purchased a hotel worth Rs. 10 lakh and Barkha purchased a car worth Rs. 16 lakh. The value of hotel every year increases by 20% of the previous value and the value of car every year depreciates by 25%. What is the difference between the price of hotel and car after 3 years?

Rs. 925000

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Rs. 10,53,000

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remains constant

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Solution

The correct option is B Rs. 10,53,000
Worth of hotel after 3 years = 1000000 $(1.2)^{3}$
= 1728000
Worth of car after 3 yeas = 1600000 ${(\frac{3}{4})}^{3}$
= Rs. 6,75,000
So, the difference in their worth (pertaining to hotel and car) is
= 1728000 - 675000 = 10,53,000

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Sanjay purchased a hotel worth Rs. 10 lakh and Barkha purchased a car worth Rs. 16 lakh. The value of hotel every year increases by 20% of the previous value and the value of car every year depreciates by 25%. What is the difference between the price of hotel and car after 3 years?

The correct option is B Rs. 10,53,000Worth of hotel after 3 years = 1000000 (1.2)3 = 1728000 Worth of car after 3 yeas = 1600000 (34)3 = Rs. 6,75,000 So, the difference in their worth (pertaining to hotel and car) is = 1728000 - 675000 = 10,53,000

The correct option is B Rs. 10,53,000
Worth of hotel after 3 years = 1000000 $(1.2)^{3}$
= 1728000
Worth of car after 3 yeas = 1600000 ${(\frac{3}{4})}^{3}$
= Rs. 6,75,000
So, the difference in their worth (pertaining to hotel and car) is
= 1728000 - 675000 = 10,53,000