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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 


Solution

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

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