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Question : The price of a mobile is Rs. 30,000. The value of the mobile depreciates by 12% at the end of the first year and at the end of next year, it depreciates by 15%. What will be the value of the mobile after 2 years?

Option 1: Rs. 25,255

Option 2: Rs. 22,440

Option 3: Rs. 20,000

Option 4: Rs. 25,000


Team Careers360 12th Jan, 2024
Answer (1)
Team Careers360 13th Jan, 2024

Correct Answer: Rs. 22,440


Solution : The price of a mobile is Rs. 30,000.
The value of the mobile depreciates by 12% at the end of the first year.
Price of the mobile after 1 year = $\frac{88}{100}×30000=26400$
The value of the mobile depreciates by 15% at the end of the 2nd year.
Price of the mobile after 2 years = $\frac{85}{100}×26400=22440$
Hence, the correct answer is Rs. 22,440.

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