A music system was purchased at a price of ₹12000 The rate of depreciation is 20% Find the value of the system after 2 years. plz give me the answer
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Answer:
₹7680
Step-by-step explanation:
purchase price=₹12000
after 1 year price=12000-12000*20/100
=12000*80/100
=12000*4/5
=2400*4=9600. Hence after two years price
=9600*80/100=₹7680
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