The price of a car depreciates at a rate of 15% per year. If its present value is Rs. 2,16,750, what was its value 2 years ago? MCQ with Answer and Explanation

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The price of a car depreciates at a rate of 15% per year. If its present value is Rs. 2,16,750, what was its value 2 years ago?

A. Rs. 2,80,000

B. Rs. 3,00,000

C. Rs. 3,20,000

D. Rs. 3,50,000

Answer: Option B

Solution (By JKSSB Mock Tests)

Value 2 yrs ago = 216750 / (0.85×0.85) = 216750/0.7225 = 300000.

This question belongs to: Maths Percentage

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