Question
The value of A’s car is depreciating by 20% every year whereas the value of his house is appreciating by 12% each year as compared to the previous year. If in 2018, the value of his car and house was Rs. 800000 and Rs. 1650000, respectively then find the sum of the values of his car and house together in 2020.
Solution
Total sum of values = 800000 × 0.80 × 0.80 + 1650000 × 1.12 × 1.12 = 512000 + 2069760 = Rs. 2581760
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