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Three years ago, the value of car was Rs. 2,50,000. If the value depreciates by 6% every year, its value now is:
Question

Three years ago, the value of car was Rs. 2,50,000. If the value depreciates by 6% every year, its value now is:

A.

Rs. 2,04,676

B.

Rs. 2,07,646

C.

Rs. 2,07,466

D.

Rs. 2,04,766

Correct option is B

Final Value = Initial Value  × (100Deprecating percentage100)n(\frac{100- Deprecating \,percentage}{100})^n​​

Final Value  = 250000× [(1006)/100]3[(100-6)/100]^3​​

Final Value = Rs. 2,07,646

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