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