Question
The value of A’s car is depreciating by 10% every year
whereas the value of his house is appreciating by 8% each year as compared to the previous year. If in 2018, the value of his car and house was Rs. 600000 and Rs. 1000000, respectively then find the sum of the values of his car and house together in 2020.Solution
Total sum of values = 600000 × 0.90 × 0.90 + 1000000 × 1.08 × 1.08 = 486000 + 1166400 = Rs. 1652400
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