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28 Jul 2021, 04:30
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C
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Difficulty:
5%
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Question Stats:
97% (00:33) correct
3%
(00:51)
wrong
based on 69
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What is the depreciated value of a car on 1st January 1987 that was bought on 1st January 1983?
(1) The purchase value was Rs. 60,000.
(2) Each year, the value of the car depreciates at the rate of 15% of its value on 1st January in that year.
(1) The purchase value was Rs. 60,000.
(2) Each year, the value of the car depreciates at the rate of 15% of its value on 1st January in that year.
11 Aug 2021, 00:31
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Car was bought in 1983 for ? ---car's value's rate of depreciation ? ---> car value in 1987 = x
To solve for x, we need the car's initial value and the rate of depreciation.
1) Gives us initial value INSUFFICIENT
2) Gives the depreciation rate INSUFFICIENT
1+2) Together we can solve for the car's value in 1987. SUFFICIENT
Answer C
To solve for x, we need the car's initial value and the rate of depreciation.
1) Gives us initial value INSUFFICIENT
2) Gives the depreciation rate INSUFFICIENT
1+2) Together we can solve for the car's value in 1987. SUFFICIENT
Answer C
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