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A New Car is Purchased for Rs 4, 00,000 .Its Value Depreciates at the Rate of 10% per Annum. What Will Be Its Value After 4 Years? - Mathematics

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Question

A new car is purchased for Rs 4, 00,000 .Its value depreciates at the rate of 10% per annum. What will be its value after 4 years?

Sum
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Solution

Vn =?; V0 =Rs 4, 00,000; r = 10 % ; t = 4 years 

`"V"_"n" = "V"_0  (1 - "r"/100)^"n"`

`"V"_"n" = "Rs"  400000 (1 - 10/100)^4`

Vn = Rs 4, 00, 000 × 0.9 × 0. 9 × 0. 9 × 0.9

Vn = Rs 2,62,440 

The value of car after four years will be Rs 2,62,440.

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Finding CI from the Relation CI = A – P
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Chapter 1: Compound Interest - Exercise 1.7 [Page 25]

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Frank Mathematics - Part 2 [English] Class 10 ICSE
Chapter 1 Compound Interest
Exercise 1.7 | Q 9 | Page 25

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