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.
    A Rs. 1652400 Correct Answer Incorrect Answer
    B Rs. 1642400 Correct Answer Incorrect Answer
    C Rs. 1632400 Correct Answer Incorrect Answer
    D Rs. 1657400 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Total sum of values = 600000 × 0.90 × 0.90 + 1000000 × 1.08 × 1.08 = 486000 + 1166400 = Rs. 1652400

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