The present price of a car is Rs.7290. The value decreased 10% every year. Find the value of car 3 years back?

Asked by Last Modified  

50 Answers

+1 Mathematics

Follow 0
Answer

Please enter your answer

Aman Goyal

Commerce Teacher

Rs 10,000.
Comments
Dislike Bookmark

Tutor

Let the price of the car at beginning of year 1 be x At the end of first year = x-0.1x=0.9x At the end of second year = 0.9x- 0.9x*0.1= 0.81x At the end of third year = 0.81x-0.81*0.1 =0.729x It is also given that price of the car at the end of third year is 7290 therefore equate the two values 0.729x=7290 Solving...
read more
Let the price of the car at beginning of year 1 be x At the end of first year = x-0.1x=0.9x At the end of second year = 0.9x- 0.9x*0.1= 0.81x At the end of third year = 0.81x-0.81*0.1 =0.729x It is also given that price of the car at the end of third year is 7290 therefore equate the two values 0.729x=7290 Solving above equation X=Rs. 10,000 read less
Comments
Dislike Bookmark

Innovative Teacher , concept builder and result oriented coaching.

Just keep dividing 7290 by 0.9 in excel sheet three times. Its Rs. 10,000 simple, isn't it.
Comments
Dislike Bookmark

NOT JUST LEARN, PLAY WITH ACCOUNTS, LAW AND TAX

Let the value of car be Rs 100 3 years back. After deducting 10% depreciation under WDV (written down value method) it would be 100-10% i.e =100-10 =90. 2nd year again the same processes 90-10%= 81. 3rd year 81-10%=72.9. Therefore the present value of car is RS 72.9 when the actual value of car was Rs-100. and...
read more
Let the value of car be Rs 100 3 years back. After deducting 10% depreciation under WDV (written down value method) it would be 100-10% i.e =100-10 =90. 2nd year again the same processes 90-10%= 81. 3rd year 81-10%=72.9. Therefore the present value of car is RS 72.9 when the actual value of car was Rs-100. and if the present value of car is RS-7290 then 3 years back value would be 7290*100/72.9 =Rs 10,000. read less
Comments
Dislike Bookmark

Experienced Math teacher with 5 years of Experience

7290(1-0.1)^3.
Comments
Dislike Bookmark

Rs.10000/- reduces to Rs.9000/- after one year. Then Rs.8100/- and finally Rs.7290/- after three years.
Comments
Dislike Bookmark

Aptitude Trainer

Rs. 5314.41.
Comments
Dislike Bookmark

Rs. 5314.41.
Comments
Dislike Bookmark

CA

Rs 10,000.
Comments
Dislike Bookmark

All Rounder

The current value is Rs. 7290. Say 3 yrs back price was x. Depreciation x*10% or we can say value after depreciation is x*90%. So depreciated value after 3 years= x* 0.9*0.9*0.9 = Rs. 7290. Solving this we get: X= 10,000.
Comments
Dislike Bookmark

View 48 more Answers

Related Questions

HOW TO LEARN ENGLISH IN 90 DAYS
I am Cambridge certified tutor and can help you to learn fast through online course.
Ravi
I have completed my post graduation in Statistics, and I am interested for a lecturer job in Statistics. Please help me to find college for lecturer post in Statistics.
As you want to work in a college ,you should have NET/SLET which is the main eligibility criteria, if you it already then its good do apply for the same,otherwise you can join or apply in some private colleges for the experience.
Chandel
Anyone would like to answer this Sheet please ? :)
image not clear send it to my mail id - ravindercertain at gmail.com
Akash
I have completed my graduation BBM (Finance) in 2016 July. Since july I was tried many bank exams but non of them was cleared now what I should do?
Hi, Realising at an early stage of you want to quit from writing Bank examinations is good to some extent. But you didn't mentioned how many times you had written the bank Exams.Try again with your full...
Akash
What are government jobs available for B.com,MBA F&M women between 33 to 35 years of age ? Answer Follow· 2 Request
You can have wider options .you can prepare for 2020 IAS , group 1 services, join Banks or IT companies.. whichever u r interested..Dr K S Vemurugan Pondicherry ..
Priya

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

NLP (Neuro Lingustic Programming) & Purpose of Communication
NLP (Neuro-Linguistic Programming) & Purpose of communication What is NLP? NLP (Neuro-Linguistic Programming) is a simple and skilful method to understand what is going on inside the mind of a person,...

Dr. Bharat Chaugule

1 0
0
Adam Smith's Economic theory
The classical principle of unfastened marketplace economics, to paintings right, has greater necessities than maximum fans realize of or intentionally pick out to ignore. Several years earlier than he...

Nadeem Khan

0 0
0
Accounting Basics
Accounting Equation : Assets = Liabilities + Capital (Equity) Important points to remember for journal entries: If value of assets increases, assets account will be debited. If value of assets decreases,...

Khevana S.

0 0
0
Essential Elements of a Valid Contract
Essential Elements of a Valid Contract: (i) Agreement: In order to constitute a contract, there must be an agreement in first place. An agreement in turn is composed of two elements-offer and acceptance....

Fr Prashanth Reddy

Problem Solving
Problem solving can be defined as the process of identifying a difference between the actual and the desired state of affairs and then taking action to resolve this difference. For problems important enough...

Vijaya Kumar Jayanthi

1 0
0

Recommended Articles

6 Healthy Habits of School Children

While schools provide formal education to the children, the home is where they start learning about things informally. Parents think that schools will take the initiative to educate their children. Well, this is partially true, as parents also play an essential role in bringing up their child. For the development of particular...

Read full article >

The Rising Problems in Indian Government School

With the mushrooming of international and private schools, it may seem that the education system of India is healthy. In reality, only 29% of children are sent to the private schools, while the remaining head for government or state funded education. So, to check the reality of Indian education system it is better to look...

Read full article >

How To Choose The Right School For Children?

Quality education does not only help children to get a successful career and life, but it also hugely contributes to society. The formal education of every child starts from school. Although there are numerous schools, parents find it challenging to choose the right one that would fit their child. It is difficult for them...

Read full article >

5 Engaging Activities For Children To Get...

Learning for every child starts from a very young age. While the formal methods include school curriculums and private lessons, the informal methods include dancing, music, drawing, and various fun-filling activities. Playing games and practising these types of activities helps the children get out of boredom and...

Read full article >

Find BBA Tuition near you
BBA Tuition in Delhi
BBA Tuition in Bangalore
BBA Tuition in Hyderabad
BBA Tuition in Mumbai
BBA Tuition in Kolkata
BBA Tuition in Chennai
BBA Tuition in Pune
BBA Tuition in Gurgaon
BBA Tuition in Ghaziabad
BBA Tuition in Noida
Online BBA Courses

Looking for BBA Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you