A cycle costs Tk. 2500 when it is new. At the end of each year it is worth 4/5th of its beginning value. What is the cycle worth in Taka when it is 3 years old?
Solution
Correct Answer: Option A
A cycle costs Tk. 2500 when it is new. '
At the end of each year it is worth 4/5th of its beginning value.
at the end of 1st year -> 2500*4/5 = 2000
at the end of 2nd year -> 2000*4/5 = 1600
At the end of 3rd year -> 1600*4/5 = 1280
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