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The price of a car depreciates in the first year by 25% in the second year by 20% in third year by 15% and so on. The final price of the car after 3 years, if the present cost of the car is Rs.

a) 7,80,000
b) 1,70,000
c) 6,90,000
d) 5,10,000

Answer: d
Explanation: Price after third depreciation,
100 ==25%↓ ==> 75 == 20%↓==>60 == 15% ↓ ==> 51
The price will be,
= Rs. 5,10,000

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