Question

    The value of A’s car is depreciating by 22% every year

    whereas the value of his house is appreciating by 16% each year as compared to the previous year. If in 2018, the value of his car and house was Rs. 550000 and Rs. 3000000, respectively then find the sum of the values of his car and house together in 2020.
    A Rs. 4371420 Correct Answer Incorrect Answer
    B Rs. 4271420 Correct Answer Incorrect Answer
    C Rs. 4171420 Correct Answer Incorrect Answer
    D Rs. 4071420 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Total sum of values = 550000 × 0.78 × 0.78 + 3000000 × 1.16 × 1.16 = 334620 + 4036800 = Rs. 4371420

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