4 years ago, Radha bought a car worth Rs. 3,50,000. If the value of the car depreciates over time at a fixed rate of 10% per annum, Then what will be the present value of the car?

• There is one formula for calculating present reduced amount at a fix rate per annum :
  ( amount )* [ { 1-(R/100) }^n ]
  where n = no. of years
  
  350000*[ {1-(10/100)}^4 ] = 2,29,635 is the present value.
  
• 8 years agoHelpfull: Yes(7) No(1)
• Rs. 210000
  
  Total depreciation at a fixed rate of 10% per annum for 4 years=350000*4*10/100=140000
  So present value of car =350000 - 140000=210000
• 8 years agoHelpfull: Yes(4) No(8)
• no.of years=4, %r=10% , car price 4 years ago=3,50,000/- let present value=P then from formula value of car 4 years ago=p/(1-r/100)^n
  so 3,50,000=p/(1-10/100)^4 by solving this we get p=Rs. 2,28,635
• 8 years agoHelpfull: Yes(2) No(4)
• 350000*[ {1-(10/100)}^4 ] = 2,29,635
• 8 years agoHelpfull: Yes(1) No(1)