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Question 984790: 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 price would it's price have fallen in 2015?
Found 2 solutions by Timnewman, MathTherapy:
Answer by Timnewman(323)   (Show Source):
You can put this solution on YOUR website! Hi dear,
Since it depriciate every year by 10% given that its ammount is 3.6laks,
Therefore,From 2011 to 2015 is 4yrs
Then,
From 2011--2012,
The ammount after depreciation =3.6*10%
=0.36
From 2012--2013;
The ammount after depriciation=0.36*10%
=0.036lakhs
From 2013--2014,
Ammount after depriciation =0.036*10%
=0.0036lakhs
From 2014---2015,
Ammount after depriciation=0.0036*10%
=0.00036lakhs
The ammount after 2015 depriciation is 0.00036lakhs
i,e 3.6*10^(-4)lakhs
Answer by MathTherapy(10552)  (Show Source):
You can put this solution on YOUR website!
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 price would it's price have fallen in 2015?
Depreciation per year: 3.6(.1), or .36
Amount depreciated by in 4 (2011 - 2015) years: .36(4), or 1.44
Price-fall in 4 years, due to depreciation: 3.6 - 1.44, or 
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