do 11 ths sum please
Dear Student,
Please find below the solution to the asked query:
Given : Value of car = Rs. 150000
And value depreciated at rate of 10 % per annum and value reduced to 109350
We know formula for compound interest when value depreciated annually :
Amount = P , Here , P = 150000 , r = 10 % and Time = t ( years ) and Amount = 109350 , So
Now we compare both hand side and get :
t = 3
Therefore,
In three years value of given car reduced to Rs. 109350 ( Ans )
Hope this information will clear your doubts about topic.
If you have any more doubts just ask here on the forum and our experts will try to help you out as soon as possible.
Regards
Please find below the solution to the asked query:
Given : Value of car = Rs. 150000
And value depreciated at rate of 10 % per annum and value reduced to 109350
We know formula for compound interest when value depreciated annually :
Amount = P , Here , P = 150000 , r = 10 % and Time = t ( years ) and Amount = 109350 , So
Now we compare both hand side and get :
t = 3
Therefore,
In three years value of given car reduced to Rs. 109350 ( Ans )
Hope this information will clear your doubts about topic.
If you have any more doubts just ask here on the forum and our experts will try to help you out as soon as possible.
Regards