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Examveda

The price of a car depreciates in the first year by 25% in the second year by 20% in third year by 15% and so on. The final price of the car after 3 years, if the present cost of the car is Rs. 10,00,000 :

A. 7,80,000

B. 1,70,000

C. 6,90,000

D. 5,10,000

Answer: Option D

Solution(By Examveda Team)

Price after third depreciation,
100 ==25%↓ ==> 75 == 20%↓==>60 == 15% ↓ ==> 51
The price will be,
= Rs. 5,10,000

Alternatively :
1000000 × 0.75 × 0.80 × 0.85
= Rs. 5,10,000

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