A car purchased at a price of ₹ 7,50,000 depreciates at the rate of 22% each year .What will be the value of the car at the end of 3 year ? By how much will it depreciate in 3 year
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r = 22% t=3 p = 750000
value of after 3 year
750000(1/1 +-22/100)^3
750000(100-22/100)^3
750000(78/100)^3
355914
750000-355914
394086
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