Question : A two-wheeler depreciates by 20% of its value every year. If the present value of the same is Rs. 90,000, its depreciated value would be Rs. 36,864 after:
Option 1: 6 years
Option 2: 5 years
Option 3: 4 years
Option 4: 3 years
New: SSC MTS Tier 1 Answer key 2024 out
Don't Miss: Month-wise Current Affairs | Upcoming Government Exams
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: 4 years
Solution : Let the required year be n. The required equation is:- 90000 × $(\frac{80}{100})$n = 36864 ⇒ 90000 × (0.8)n = 36864 ⇒ (0.8)n =$\frac{36864}{90000}$ ⇒ (0.8)n = 0.4096 ⇒ (0.8)n = (0.8)4 ⇒ n = 4 So, the depreciated value would be Rs. 36,864 after 4 years. Hence, the correct answer is 4 years.
Application | Cutoff | Selection Process | Preparation Tips | Eligibility | Exam Pattern | Admit Card
Question : The price of a mobile is Rs. 30,000. The value of the mobile depreciates by 12% at the end of the first year and at the end of next year, it depreciates by 15%. What will be the value of the mobile after 2 years?
Option 1: Rs. 25,255
Option 2: Rs. 22,440
Option 3: Rs. 20,000
Option 4: Rs. 25,000
Question : A sum of Rs. 500 becomes Rs. 580 at simple interest in 2 years. In how many years will the sum of Rs. 650 amounts to Rs. 858 at the same rate of simple interest?
Option 1: 4 years
Option 2: 8 years
Option 3: 5 years
Option 4: 6 years
Question : The present age of two persons is 36 years and 50 years respectively. If after n years, the ratio of their age will be 3 : 4, then the value of n is:
Option 1: 4
Option 2: 7
Option 3: 6
Option 4: 3
Question : A sum of Rs. 600 becomes Rs. 840 at simple interest in 4 years. In how many years will the sum of Rs. 1500 amount to Rs. 2100 at the same rate of simple interest?
Option 1: 5 years
Option 2: 4 years
Option 3: 2 years
Question : What will be the ratio of simple interest earned by a certain amount at the same rate of interest for 8 years and 20 years?
Option 1: 5 : 7
Option 2: 2 : 5
Option 3: 3 : 5
Option 4: 4 : 3
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile