CAT Exam Model Paper 1 with solutions for free online practice

Question : 75 of 100

Marks: +1, -0

Sanjay purchased a hotel worth ₹ 10 lakh and purchased a car worth ₹ 16 lakh. The value of hotel year increases by 20% of the previous value and the value of car every year depreciates by 25%. What is the difference between the price of hotel and car after 3 years?

Your Answer:

Validate

Solution:

Worth of hotel after 3 years = 1000000

( 1.2 ) ^ { 3 } =

₹ 1728000
Worth of car after 3 years = 1600000

( { 3 } /{ 4 } ) ^ { 3 }

= ₹ 6,75,000
So, the difference in their worth (pertaining to hotel and car) is
= 1728000 − 675000= ₹ 10,53,000

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