Q4 of 30 Page 130

A car is valued at Rs 4,00,000. If its value falls at 2.5% per year, what will its value be after 3 years?

Given: Principal (P) = Initial price of car = Rs.4,00,000, Rate of Interest (R) = fall in rate = 2.5% and Number of years (n) = 3year

As Amount (A) = Population after two years:


(it is case of fall hence negative)





⇒ A = Rs 370743.75


Rate of car after 3 years will be = Rs 370743.75


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