2 years before, price of an article is Rs. 62,500. The
price of that article decreases by 4% every year. Then
find the cost of that article now ?
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A=P(1-R/100)^N
A=62500(1-8/100)²
A=62500(1-2/25)²
A=62500(25/25-1/25)²
A=62500(24/25)²
A=62500×24/25×24/25
A=57600 rupees
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