Question

    The value of A’s car is depreciating by 20% every year

    whereas the value of his house is appreciating by 11% each year as compared to the previous year. If in 2018, the value of his car and house was Rs. 400000 and Rs. 1000000, respectively then find the sum of the values of his car and house together in 2020.
    A Rs. 1408100 Correct Answer Incorrect Answer
    B Rs. 1498100 Correct Answer Incorrect Answer
    C Rs. 1588100 Correct Answer Incorrect Answer
    D Rs. 1480100 Correct Answer Incorrect Answer

    Solution

    Total sum of values = 400000 × 0.8 × 0.8 + 1000000 × 1.11 × 1.11 = 256000 + 1232100 = Rs. 1488100

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