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A bike is purchased for Rs50,000. Its rate depreciates at 10% annually. In how many years will its value be Rs36,450?
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2
5
4
- We start with a bike purchased for Rs50,000.
- The value depreciates at 10% annually.
- We need to find the number of years until the value reaches Rs36,450.
- The formula for depreciation is:
\( \text{Final Value} = \text{Initial Value} \times (1 - \text{Depreciation Rate})^{\text{Years}} \).
- Plugging in the values:
\( 36,450 = 50,000 \times (0.9)^{\text{Years}} \).
- Calculate based on options:
- Option 1: 3 years
- \( 50,000 \times 0.9^3 = 50,000 \times 0.729 = 36,450 \).
Correct, matches target value.
- Option 2: 2 years
- \( 50,000 \times 0.9^2 = 40,500 \).
- Too high.
- Option 3: 5 years
- \( 50,000 \times 0.9^5 \approx 29,500 \).
- Too low.
- Option 4: 4 years
- \( 50,000 \times 0.9^4 \approx 32,805 \).
- Still too low.
- Correct Answer: Option 1: 3 years.
- .
By: santosh ProfileResourcesReport error
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