A motor cycle was bought at Rs 50000. its value depriciates at 8% p.a. find its value after 2 years.
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Given, Principle = 50,000
Rate of interest = -8%
Number of compoundings = 2
A = P ( 1 + R/100)^n.
A = 50,000(1 -8/100)²
A = 42320 Rs
The value of motor cycle after 2 years is 42320 Rs.
Rate of interest = -8%
Number of compoundings = 2
A = P ( 1 + R/100)^n.
A = 50,000(1 -8/100)²
A = 42320 Rs
The value of motor cycle after 2 years is 42320 Rs.
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