A car was bought for Rs 2,40,000. Its value is depreciated at 15% per annum. What is the value of the car after three years?
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2
Answer:
147384
Step-by-step explanation:
1st yr -
240000 ×1 5% = 36000
240000 - 36000 = 204000
2nd yr -
204000 × 15% = 30600
204000 - 30600 = 173400
3rd yr -
173400 × 15% = 26016
173400 - 26016 = 147384
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