Join ExamsbookAnswer : 3. "Rs. 2160"
Value of vehicle at end of each year depreciates at the rate of 3/5th of value at the beginning. If Initial value is 10,000Rs then at the end of three years its value is ?5
Q: Value of vehicle at end of each year depreciates at the rate of 3/5th of value at the beginning. If Initial value is 10,000Rs then at the end of three years its value is ?
- 1Rs. 6000false
- 2Rs. 3600false
- 3Rs. 2160true
- 4Rs. 415false
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Answer : 3. "Rs. 2160"
Explanation :
Answer: C) Rs. 2160 Explanation: End of first year : 10000 x (3/5) = Rs. 6000End of second year : 6000 x (3/5) = Rs. 3600End of third year : 3600 x (3/5) = Rs. 2160