Allied & ICAR Exam Bank • ALLIED_1915 MCQ • 2 Marks

Section 8: General Aptitude

Quantitative Aptitude

Subtopic: Ratios & Percentages

Question Statement:

The value of a combine harvester depreciates at 15% per annum. If its present value is Rs 28,90,000, what was its value 2 years ago?

Options:

  • (A) Rs 40,00,000
  • (B) Rs 38,00,000
  • (C) Rs 35,00,000
  • (D) Rs 42,00,000

Answer Key:

A

Step-by-Step Solution & Explanation

$V_0 \times (0.85)^2 = 2890000 \implies V_0 \times 0.7225 = 2890000 \implies V_0 = 4000000$ rupees.
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