Rahul purchased a Maruti van for Rs. 1, 96,000 and the rate of deprec…

Question

Rahul purchased a Maruti van for Rs. 1, 96,000 and the rate of depreciation is 142/7\% per annum. Find the value of the van after two years.

Accepted Answer

Option B. Rs.1,44,000. Answer & Solution Answer: Option B Solution: & Value\, of\, maruti\, Van,\, & V_0 = Rs.\,196000 & Rate\, of\, depreciation,\, & r = 14 2/7 \% = 1007\% ; & Time,\,t = 2\, years & Let\,V_1\, is\, the\, value\, after\, depreciation. & V_1 = V_0 × [ 1 - ( r100 ) ]^t & V_1 = 196000 ×…