17. The value of a car depreciates 12 percent every year.if it's present value is ₹616000 find its value a year ago
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Answer:
700000 Rs
Step-by-step explanation:
Let value a year ago be x Rs
We know the value of the car this year is = 616000 Rs
therefore, x - (12% of x) = 616000 Rs
x - (12/100)x = 616000 Rs
(100/100)x - (12/100)x = 616000 Rs
(88/100)x = 616000 Rs
x = (616000 * 100) / 88
x = 700000 Rs
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