Growth and depreciation
Commercial arithmetic · Mathematics
Study notes
Q: A car worth Rs 6,00,000 depreciates 10% yearly. Value after 3 years? Step 1: Depreciation formula: A = P(1 - r/100)^n. Step 2: A = 600000 x (1 - 10/100)^3 = 600000 x (0.9)^3. Step 3: (0.9)^3 = 0.729. A = 600000 x 0.729 = Rs 4,37,400.