A cycle cost Tk. 250 when t is brand new. At the end of each year it is worth $\frac{4}{5}$ of what it was at the beginning of the year. What is the cycle worth when it is 3 years old? - CAREER CARE

Ashifur August 8, 2023 - 14:57

Problem: A cycle cost Tk. 250 when t is brand new. At the end of each year it is worth

\frac{4}{5}

$\frac{4}{5}$
of what it was at the beginning of the year. What is the cycle worth when it is 3 years old?

View all: BANK ASIA LTD | WRITTEN QUESTION SOLVE(MATH) | 2005

Correct Answer: TK 128

Explanation:

Present value = Tk. 250

The value after at the end of each year =
$\frac{4}{5}$
portion of previous year

The value of cycle after 3 years will be = Tk. 250
$(\frac{4}{5})^{3}$
=Tk. 128

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