New Enroll in RBI Grade B New Batch - Starts on May 21

    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.
    A Rs. 2481760 Correct Answer Incorrect Answer
    B Rs. 2781760 Correct Answer Incorrect Answer
    C Rs. 2581760 Correct Answer Incorrect Answer
    D Rs. 2681760 Correct Answer Incorrect Answer

    Solution

    Total sum of values = 800000 × 0.80 × 0.80 + 1650000 × 1.12 × 1.12 = 512000 + 2069760 = Rs. 2581760

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