Q. Rahul purchased a Maruti van for Rs. 1, 96,000 and the rate of depreciation is 14(2/7) % per annum. Find the value of the van after two years.

• A. Rs. 1,40,000
• B. Rs.1,44,000
• C. Rs. 1,50,000
• D. Rs. 1,60,000

Correct Answer: B