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    Question

    The value of A’s car is depreciating by 30% every year

    whereas the value of his house is appreciating by 9% each year as compared to the previous year. If in 2018, the value of his car and house was Rs. 580000 and Rs. 5000000, respectively then find the sum of the values of his car and house together in 2020.
    A Rs. 6224700 Correct Answer Incorrect Answer
    B Rs. 6124700 Correct Answer Incorrect Answer
    C Rs. 6324700 Correct Answer Incorrect Answer
    D Rs. 6424700 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Total sum of values = 580000 × 0.7 × 0.7 + 5000000 × 1.09 × 1.09 = 284200 + 5940500 = Rs. 6224700

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