a new car is purchased for rs 400000 it's value depreciates at the rate of 8% per annum what will be its value after 4 year.
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Answer:
=286557.184
Step-by-step explanation:
P=400000
R=8%
T=4YRS
A=P(1-R/100)^T
=400000(1-8/100)^4
=400000(100-8/100)^4
=400000(92/100)^4
=400000*92/100*92/100*92/100*92/100
=286557.184
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