Latest Capgemini Aptitude Question SOLUTION: A car that has an original value of $52,500 depricates $10000 in the first year and there original cost per year. What is its value after 8 years?

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A car that has an original value of $52,500 depricates $10000 in the first year and there original cost per year. What is its value after 8 years?

Asked In Capgemini Deepika KV (10 years ago)

Solved Saraswathy Read Solution (13)

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Read Solution (13) :

Ann Theressa  (10 years ago)

$13100

1st year depreciation amount = 10000
next 7 year's depreciation amount = 7 * 8% original cost price
= 7*8/100 * 52500
=29400

Total depreciation amount = 39400

Value after 8 years = $13100

Is this solution Helpfull? Yes (45) | No   

Saraswathy  (10 years ago)

After first year , it depreciates 10000
So we have to calculate for 7 years from 1st year
p=52500
n=7
r=8%
p(1 - r/100)^n = 52500(1 - 8/100)^7
52500(92/100)^7 => 52500 [ 23/25 ]^7
=>29286.9
Approximately $29287
So 7 years from 2nd year the cost depreciates to $29287
ALready $10000 had depreciated in the 1st year
So amount after 8 years = $29287 - $10000 => $19287

Ans : $19287

Is this solution Helpfull? Yes (38) | No (33)  

Deepika KV  (10 years ago)

A car that has an original value of $52,500 depricates $10000 in the first year and there after at the rate of 8% of the original cost per year. What is its value

after 8 years?

Is this solution Helpfull? Yes (13) | No (3)  

Saikumar Ijjirotu  (9 years ago)

A car that has an original value of $52,500 depricates $10000 in the first year and there after at the rate of 8% of the original cost per year. What is its value after 8 years?
Sol:-

value of car after 1 year = 52500-10000 = 42500
8%of(original cost)=(8/100)*52500 = 4160
cost after 8 years(means 7 years afer the 1st year) = 42500-(7*4160)= $13380

Is this solution Helpfull? Yes (7) | No (9)  

mac  (9 years ago)

@SARASWATHY How did you get the valueof r =8 ?
please explain....

Is this solution Helpfull? Yes (5) | No (1)  

Saada Rishi  (7 years ago)

Abe Question toh sahi likh!

A car that has an original value of $52,500 depricates $10000 in the first year and there original cost per year. What is its value after 8 years?

Is this solution Helpfull? Yes (2) | No (1)  

anumita dey  (6 years ago)

depreciation amount after 1st year= $10000
therefore, the value of the car becomes (52500-10000) = $42500 after 1 year
now after 1 year the cost price depreciates @ 8% of the original cost i.e, $ 52500 per year for 7 years .
i.e, the depreciation amount after 7 years is = 7*{(8/100)* 52500}
= 7* 4200
= $ 29400
therefore the value of the car after 8 years = 42500-29400
= $13100
so, the ans is $13100

Is this solution Helpfull? Yes (2) | No   

Suman  (10 years ago)

by
fv=pv(1+r)^n

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Deepika KV  (10 years ago)

pls send ans

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shivanvitha  (9 years ago)

wats the correct solution?

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divya  (8 years ago)

use p/(1-r/100)^n formula

Is this solution Helpfull? Yes (1) | No (3)  

Duddelli abhhishek  (5 years ago)

Don't know

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Raja Babu  (7 years ago)

original value=52500
after first year:- 52500-10000=42500

now this value will get depriciated for the next 7 years

so,final value:-
as per the formula P'=P(1-r/100)^n

= 42500 * (1-8/100)^7
= 42500 * 0.5578
= $23706.5

Is this solution Helpfull? Yes | No (2)  

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