a cycle bought for Rs. 1225 two year ago is sold at Rs. 900. What is the rate of depreciation per year ?
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Answer:
13.26% is the rate of depreciation per year.
Step-by-step explanation:
Total Depreciatiated amount = 1225-900 = 325
Depreciatiated amount in 1 year = 325÷2 = 162.5
Depreciation rate per year = 162.5/1225 ×100 = 13.26%
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