A car was purchased for Rs 2,10,000. After 2 years the value of the car depreciated 5%. Find the value of the car after one year.
60 + 61
We have P = Rs 2,10,000 R=5% p.a., T = 2 Years
∵ Reduction is there, we use the following formula:
∴ 
= Rs 
= Rs 210000![<pre>uncaught exception: <b>mkdir(): Permission denied (errno: 2) in /home/config_admin/public/felixventures.in/public/application/css/plugins/tiny_mce_wiris/integration/lib/com/wiris/util/sys/Store.class.php at line #56mkdir(): Permission denied</b><br /><br />in file: /home/config_admin/public/felixventures.in/public/application/css/plugins/tiny_mce_wiris/integration/lib/com/wiris/util/sys/Store.class.php line 56<br />#0 [internal function]: _hx_error_handler(2, 'mkdir(): Permis...', '/home/config_ad...', 56, Array)
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= Rs (525 
) = Rs 1,89,525
∴ The value of the car after 2 years = Rs 1,89,525
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