A house is bought for $240 000 after 5 years its value has decreased to $180 000 calculate the average yearly percentage depreciation
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Hi,
we have to calculate Compound interest.
Amount=p×(1+r/100)^t
240000=180000(100+r/100)^5
4=3(100+r/100)^5
so then you can calculate
we have to calculate Compound interest.
Amount=p×(1+r/100)^t
240000=180000(100+r/100)^5
4=3(100+r/100)^5
so then you can calculate
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