Question
Mathematics Question on Compound Interest
The value of a car depreciates every year by 10% . What will be its value after 3 years if its present value is ₹6,25,000?
A
₹4,50,000
B
₹4.52,250
C
₹4,55,625
D
₹4,62.500
Answer
₹4,55,625
Explanation
Solution
The correct option is (C) :₹4,55,625