Question

The value of A’s car is depreciating by 36% every year whereas the value of his house is appreciating by 15% each year as compared to the previous year. If in 2018, the value of his car and house was Rs. 950000 and Rs. 2750000, respectively then find the sum of the values of his car and house together in 2020.

A Rs. 4025995 Correct Answer Incorrect Answer
B Rs. 4125995 Correct Answer Incorrect Answer
C Rs. 4225995 Correct Answer Incorrect Answer
D Rs. 4325995 Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

Total sum of values = 950000 × 0.64 × 0.64 + 2750000 × 1.15 × 1.15 = 389120 + 3636875 = Rs. 4025995

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