Ten > Growth and Depreciation

Asked by Atith Adhikari · 2 years ago

A minibus is purchased for Rs. 40,00,000. After using the bus for three years, Rs. 15,00,000 is earned. The value of the bus depreciates at the rate of 15% per annum and the minibus is sold after three years.

1. If the purchasing price of the bus is Rs. $\rm V_{o}$, the annual rate of compound depreciation is $\rm R$%, and price of the bus after T years is Rs. $\rm v_{t}$, the express $\rm V_{t}$ in terms of $\rm V_{o}, R, \ and \ T$.
2. Find the selling price of the bus after three years.
3. FInd the total profit or loss in percent through the total transaction of that minibus.