Question

The value ofan automobile depreciates by 18.5% every year. If a new car costs $5,65,000 then what will be the price of the car after a year.

Answer 1

Dear Student,

$$\begin{gathered} \mathrm{Cost}\mathrm{of}\mathrm{new}\mathrm{car}=\&5,65,000 \\ \mathrm{Rate}\mathrm{of}\mathrm{depreciation}=18.5\% \\ \mathrm{depreciation}=\frac{18.5}{100}\times 565000 \\ =\&1,04,525 \\ \mathrm{Price}\mathrm{of}\mathrm{car}\mathrm{after}1\mathrm{year}=\&\left(5,65,000-1,04,525\right)=\&4,60,475 \end{gathered}$$

Regards