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?

Algebra ->  Percentages: Solvers, Trainers, Word Problems and pie charts -> 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?      Log On


   

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) About Me  (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 %