Q2 of 94 Page 32

A car which costs Rs. 3,50,000 depreciates by 10% every year. What will be the worth of the car after three years?

Current worth of car(P) = 3,50,000

Rate of depreciation(R) = 10%


No. of years(n) = 3


The worth of car after 3 years =


=


= 2,55,150


The worth of car after 3 years is 2,55,150


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