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Compound Intetrest · IB Security Assistant · Question 25 of 45

Compound Intetrest: A car’s value falls by 15% in the first year and rises by 10% in the next year. If the initial value was ₹40,000, find its value after 2 years.

Step-by-step solution. Compound Intetrest for IB Security Assistant.

Topic
Compound Intetrest
Subject
Mathematics
Difficulty
Moderate
Solve Time
45-60 sec

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Q · Compound IntetrestModerate · 45s

A car’s value falls by 15% in the first year and rises by 10% in the next year. If the initial value was ₹40,000, find its value after 2 years.

TopicCompound Intetrest
Question Typemultiple choice
DifficultyModerate
Marking+1 / −0.25
From TestChapter Test 1 (Chapter Test)
Test Duration30 min

Step-by-Step Solution

The complete worked solution.

Every step explained - no skipped algebra.

A = 40000×0.85×1.10 = ₹37400.

Final Answer: Option A - ₹37400.00
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A car’s value falls by 15% in the first year and rises… - Compound Intetrest (Mathematics) Solved Question