A motorcycle was bought for rs. 84,000. Its value depreciated at the rate 8% per annum find its value after 2 years.
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Answer:
motorcycle bought = 84,000
depreciation value = 8% per annum
so, 84,000 ×8÷100
= 6720
Now, 6720 × 2yrs
= 13,440
Hence, 84,000 - 13,440
= 70,560 is the value of motorcycle.
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