A second-hand car was purchased 3 years ago for Rs. 62500 and now its depreciation value is Rs. 32000. At what rate percentage per annum is it depreciating?

A second-hand car was purchased 3 years ago for Rs. 62500 and now its

1.	A second-hand car was purchased 3 years ago for Rs. 62500 and now its depreciation value is Rs. 32000. At what rate percentage per annum is it depreciating?
A.	20%
B.	22.5%
C.	22%
D.	18%
Answer» B. 22.5%

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A second-hand car was purchased 3 years ago for Rs. 62500 and now its depreciation value is Rs. 32000. At what rate percentage per annum is it depreciating?

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