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Q:

Value of vehicle at end of each year depreciates at the rate of 3/5th of value at the beginning. If Initial value is 10,000Rs then at the end of three years its value is ? 

A) Rs. 6000 B) Rs. 3600
C) Rs. 2160 D) Rs. 415

Answer:   C) Rs. 2160



Explanation:

End of first year     :  10000 x (3/5) = Rs. 6000
End of second year :  6000 x (3/5) = Rs. 3600
End of third year    :  3600 x (3/5) = Rs. 2160

Subject: Percentage
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Analyst , Bank Clerk , Bank PO
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