SOLUTION: The price of my Chevrolet spark depreciates by 10% every year. If I bought it for 3.6 lakhs in the year 2011, by what percent would its price have fallen in 2015?

Question 984798: The price of my Chevrolet spark depreciates by 10% every year. If I bought it for 3.6 lakhs in the year 2011, by what percent would its price have fallen in 2015?
Answer by srinivas.g(540) (Show Source): You can put this solution on YOUR website!
let 100 be the price in 2011
and 90 would be the price in 2012
81 would be the price in 2013
72.9 would be the price in 2014
65.61 would be the price in 2015
% = 100 -65.61
=34.39 %
Result : 34.39 %
RELATED QUESTIONS
The price of my Chevrolet spark depreciates by 10% every year. If I bought it for 3.6... (answered by Timnewman,MathTherapy)

Sarah bought a dish washer for 6,000 in the year 2000 it depreciates by 2% per year what... (answered by Alan3354)

A car bought for Rs 1,000,000 depreciates each year by 5% what is the insurance premium... (answered by Alan3354,ikleyn)

A used car was purchased $900,000. Its value depreciates by 30% in the first year. In... (answered by josgarithmetic)

A used car was purchased at Le900,000. Its value depreciates by 30% in the first year. In (answered by josgarithmetic)

A used car was purchased at $900,000. Its value depreciates by 30% in the first year. In... (answered by josgarithmetic)

Hi, hope you can help me withs this problem A new car depreciates by 20% in its first... (answered by stanbon)

A cell phone depreciates in value by 20% every year. If the initial cost of the phone is... (answered by jorel1380)

I bought my flat last year for �40,000. The value of my flat increased by 12% in... (answered by ewatrrr)