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Question

Mathematics Question on Compound Interest

The value of a car depreciates every year by 10% 10\% . What will be its value after 3 3 years if its present value is 6,25,000₹6,25,000?

A

4,50,000 ₹4,50,000

B

4.52,250 ₹4.52,250

C

4,55,625 ₹4,55,625

D

4,62.500 ₹4,62.500

Answer

4,55,625 ₹4,55,625

Explanation

Solution

The correct option is (C) :4,55,625 ₹4,55,625