Join ExamsbookAnswer : 2. "Rs. 1,44,000"
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 ?5
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 ?
- 1Rs. 1,24,000false
- 2Rs. 1,44,000true
- 3Rs. 1,32,000false
- 4Rs. 1,62,000false
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Answer : 2. "Rs. 1,44,000"
Explanation :
Answer: B) Rs. 1,44,000 Explanation: Value of Maruti Van, V1 = Rs. 1,96,000Rate of depreciation, r = 14(2/7)% = 100/7%; Time, t = 2 yearsLet V2 is the value after depreciation. V2 = V11 - r100tV2 = 196001 - 10071002 V2 = 196000(6/7)(6/7) V2 = (196000x36)/49 = Rs. 1,44,000.