Q:
Kalyan purchased a Maruti van for Rs. 1,96,000 and the rate of depreciation is 14(2/7) % per annum. Find the value of the van after two years ?
Answer & Explanation
Answer: B) Rs. 1,44,000
Explanation: Value of Maruti Van, V1 = Rs. 1,96,000
Rate of depreciation, r = 14(2/7)% = 100/7%; Time, t = 2 years
Let V2 is the value after depreciation.
V2 =
V2 = 196000(6/7)(6/7)
V2 = (196000x36)/49 = Rs. 1,44,000.
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