CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

The price of a car depreciates every year by 10%. What was its value 3 years ago, if its present value is Rs 36,450?

A
Rs 45,000
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Rs 55,000
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Rs 50,000
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
D
Rs 49,500
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is C Rs 50,000
In case of depreciation,
A=P[1r100]n
36,450=P[110100]3
P=36,4500.729=50,000

Thus, 3 years ago, the price of the car was Rs 50,000.

flag
Suggest Corrections
thumbs-up
15
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Other Applications of the Formula
MATHEMATICS
Watch in App
Join BYJU'S Learning Program
CrossIcon