the value of a car decrease annually by 20% if the present value of car be ₹450000 what will be its value after 2 years?

Answer

To find the value of the car after 2 years given that its value decreases annually by 20%, we can follow these steps:

### Step 1: Identify the Present Value
The present value of the car is given as ₹450,000.

### Step 2: Calculate the Value After 1 Year
To find the value after 1 year, we need to calculate 20% of the current value and subtract it from the current value.

1. Calculate 20% of ₹450,000:
\[ 20\% \text{ of } 450,000 = \frac{20}{100} \times 450,000 = 90,000 \]

2. Subtract this value from the present value:
\[ \text{Value after 1 year} = 450,000 - 90,000 = 360,000 \]

### Step 3: Calculate the Value After 2 Years
Now we will repeat the process using the new value after 1 year.

1. Calculate 20% of ₹360,000:
\[ 20\% \text{ of } 360,000 = \frac{20}{100} \times 360,000 = 72,000 \]

2. Subtract this value from the value after 1 year:
\[ \text{Value after 2 years} = 360,000 - 72,000 = 288,000 \]

### Final Result
The value of the car after 2 years will be ₹288,000.

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