A car is bought for 50,000.if the value of the car is depreciated at the rate of 5% find the value of car after 2 year.
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Step-by-step explanation:
The value of the bike after 2 years
= its value 2 years ago ×(1− 100R ) n
=50,000×(1− 1005 ) 2
=50,000×(0.95) 2
=45,125.
Therefore, the value of the bike after 2 years is Rs. 45,125.
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