The value of a car bought for Rs 4,40,000 depreciates each year by 10% of its value at the beginning of that year. So its value becomes Rs 3,08,000 after three years. Is the following statement true or false
Solution:
Value of the car at the end of year one = (100 - 10)% × 4,40,000 = Rs. 3,96,000
Value of the car at the end of year two= (100 - 10)% × 3,96,000 = Rs. 3,56,400
Value of the car at the end of year one three = (100 - 10)% × 3,56,400 = Rs. 3,20,760
Hence the given statement is false after calculating the depreciation after 3 years.
✦ Try This: The value of a car, bought for Rs 400,000 depreciates each year by 10% of its value at the beginning of that year. So its value becomes Rs _________ after two years.
Value at the end of first year = 0.9 × 400,000 = 360,000
Value at the end of second year = 0.9 × 360,000 = 324,000
☛ Also Check: NCERT Solutions for Class 8 Maths Chapter 9
NCERT Exemplar Class 8 Maths Chapter 9 Problem 61
The value of a car bought for Rs 4,40,000 depreciates each year by 10% of its value at the beginning of that year. So its value becomes Rs 3,08,000 after three years. Is the following statement true or false
Summary:
The value of a car bought for Rs 4,40,000 depreciates each year by 10% of its value at the beginning of that year. So its value becomes Rs 3,08,000 after three years is a False statement
☛ Related Questions:
- The cost of a book marked at Rs 190 after paying a sales tax of 2% is Rs 192. Is the following state . . . .
- The buying price of 5 kg of flour with the rate Rs 20 per kg, when 5% ST is added on the purchase is . . . .
- The original price of a shampoo bottle bought for Rs 324 if 8% VAT is included in the price is Rs 30 . . . .
visual curriculum