Value of vehicle at end of each year depreciates at the rate of 3/5th of value at the beginning. If Initial value is 10,000Rs then at the end of three years its value is ?
Solution
Correct Answer: Option C
End of first year : 10000 x (3/5) = Rs. 6000
End of second year : 6000 x (3/5) = Rs. 3600
End of third year : 3600 x (3/5) = Rs. 2160
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