Question

The cost of a new car is Rs 4,00,000. Its price depreciates at the rate of 10% a year during the first two years and at the rate of 20% a year there after. What will be the price of the car after 3 years?

• A. Rs 2,59,200
• B. Rs 3,00,000
• C. Rs 3,15,000
• D. Rs 2,50,000

Answer 1

The correct option is A

Rs 2,59,200