CUET · MATHS · PYQ PAPER 2023
The value of a washing machine purchased two years ago depreciates at the annual rate of 10%. If its present value is ₹ 50,000, then its value after two years will be :
- A ₹ 40,000
- B ₹ 42,000
- C ₹ 40,500
- D ₹ 36,500
Answer & Solution
Correct Answer
(C) ₹ 40,500
Step-by-step Solution
Detailed explanation
\(V_{future} = V_{present} (1 - r)^t\) \(V_{future} = 50000 (1 - 0.10)^2\) \(V_{future} = 50000 (0.90)^2\) \(V_{future} = 50000 \times 0.81\) \(V_{future}\) = ₹ 40,500
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