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The bars show the value of Mr. Rao's car when new and after 1 year. It loses the same percentage of its value every year. What will the car be worth after 3 years?

Class 8Compound InterestComparing Quantities
  • A₹ 2,00,000
  • B₹ 3,20,000
  • C₹ 2,56,000
  • D₹ 2,40,000

Step-by-Step Solution

It fell from ₹ 5,00,000 to ₹ 4,00,000, a 20% fall, so each year it keeps . After 3 years: . (₹ 2,00,000 subtracts ₹ 1,00,000 every year.)
Answer: C) ₹ 2,56,000

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