Question

The value of a car depreciates 15% every year . If the present value of the car is ₹ 361250 after two years what was the original price of the car
Pls solve it but without using depreciation formula use percent

Answer 1

let initial price be x.
After one year price will be - -> x- 15/100 x = 0.85x

After second year price will be --> 0.85x - 15/100 (0.85x) = 0.85 (0.85x) = 0.7225 x

0.7225x = 361250
x = 500000
So the original amount was 5,00,000