Kalyan 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 ?

Value of Maruti Van, V1 = Rs. 1,96,000
Rate of depreciation, r = 14(2/7)% = 100/7%; Time, t = 2 years
Let V2 is the value after depreciation.

$V2 = V11 - \frac{r}{100}t$
V2 = $196001 - \frac{\frac{100}{7}}{100}2$

V2 = 196000(6/7)(6/7)

V2 = (196000x36)/49 = Rs. 1,44,000.