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SSC GD 2023 PYQ — Question 47

SSC GD Constable (English) - 12 Jan 2023 - Shift 3 (Set 2) • Quantitative Aptitude • Q47

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The current value of a car is Rs 8,50,000 and its value is depreciating at the rate of 10% per annum. What will be its value (in Rs) after 4 years?

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Correct answer: B

Explanation

The correct answer is Option 2 i.e. 5,57,685.

Given that

The current value of a car is Rs 8,50,000

Its value is depreciating at a rate of 10% per year.

According to the question;

Required value of the car after 4 years = 850000 × (90100)4(\frac{90}{100})^4

⇒ 850000 × (910)4(\frac{9}{10})^4 = 85 × 6561 = 557,685