Arithmetic Ability
Percentage

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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 ?

View Answer

Correct choice: B

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 = V1(1 − (r100))t V2 = 19600[1 − (1007100)]2 V2 = 196000(6/7)(6/7) V2 = (196000x36)/49 = Rs. 1,44,000.
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