Allied & ICAR Exam Bank • ALLIED_1597 MCQ • 1 Mark

Section 8: General Aptitude

Quantitative Aptitude

Subtopic: Ratios & Percentages

Question Statement:

A tractor bought for Rs 5,00,000 depreciates at 10% per annum. Its scrap value after 2 years will be:

Options:

  • (A) Rs 4,05,000
  • (B) Rs 4,00,000
  • (C) Rs 4,10,000
  • (D) Rs 3,95,000

Answer Key:

A

Step-by-Step Solution & Explanation

Value $= 500000 \times (0.90)^2 = 500000 \times 0.81 = 405000$ rupees.
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