Multiple Choice Questions

The present value of an old car is Rs5 40 000 Its value depreciates at 25 per annum What was its val...........

Quantitative Aptitude (MTS) Profit and loss

The present value of an old car is Rs5,40,000. Its value depreciates at 25% per annum. What was its value (in Rs) 2 years ago?

This questions was previously asked in

SSC MTS 22nd October 2021 Shift-1

9,60,000

720,000

6,30,000

2,16,000

To find the car's value 2 years ago, considering it depreciates at 25% per annum, we need to calculate the value backwards.

- Depreciation rate: 25% per annum means the car retains 75% of its value each year.

- Current Value: Rs 5,40,000.

Using the formula for calculating the previous value considering depreciation:

- Two years ago:

Value = Present Value / (0.75^2)

= 5,40,000 / (0.5625)

= 9,60,000.

So, two years ago, the car's value was Rs 9,60,000.

- Option 1: 9,60,000

- Option 2: 7,20,000

- Option 3: 6,30,000

- Option 4: 2,16,000

Correct Answer: Option 1 - 9,60,000

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