A motorcycle was bought for ₹ 60, 000. Its cost depreciates every year by 5%. What is the value
of the motorcycle after 1 years?
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5% of 60,000 =60,000x5/100 =3,000
so after one year the price of motercycle decrease by 3,000
hence the final price of motercycle after one year is 57,000
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