The value of a car depreciates at the rate of 15% per annum. If its present value is Rs 433500, then what was the value (in Rs) of the car 2 years ago?
Let value of car 2 years ago = Rs. $$x$$
Rate of depreciation = 15%
=> Current value of car = $$x\times(1-\frac{15}{100})\times(1-\frac{15}{100})=433500$$
=> $$x=433500\times\frac{100}{85}\times\frac{100}{85}$$
=> $$x=60\times10000=600000$$
$$\therefore$$ The value (in Rs) of the car 2 years ago = Rs. 6,00,000
=> Ans - (D)
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