New SIDBI Grade A New Batch Starts on Nov 18

    Register

    Question

    The value of A’s car is depreciating by 25% 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. 900000 and Rs. 2800000, respectively then find the sum of the values of his car and house together in 2020.

    A Rs. 4209250 Correct Answer Incorrect Answer
    B Rs. 4109250 Correct Answer Incorrect Answer
    C Rs. 4509250 Correct Answer Incorrect Answer
    D Rs. 4219250 Correct Answer Incorrect Answer

    Solution

    Total sum of values = 900000 × 0.75 × 0.75 + 2800000 × 1.15 × 1.15 = 506250 + 3703000 = Rs. 4209250

    Practice Next