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Kalyan purchased a Maruti van for Rs. 1,96,000 and the rate of depreciation is 14(2/7) % per annum. Find the value of the van after two years ?

Correct Answer: Rs. 1,44,000

Explanation:

Value of Maruti Van, V1 = Rs. 1,96,000
Rate of depreciation, r = 14(2/7)% = 100/7%; Time, t = 2 years
Let V2 is the value after depreciation.


V 2   =   V 1 1   -   r 100 t
V2 = 19600 1   -   100 7 100 2


V2 = 196000(6/7)(6/7)


V2 = (196000x36)/49 = Rs. 1,44,000.


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