Question

A plot of land was purchased for $5,62,500 and its cost depreciates every year by 8%. Find its cost after 2 years.

Answer 1

Given:- Principal =Rs 562500

rate = 8% per annum

time= 2 yrs.  

So, Amount = P(1-r/100)^T(since the value is depreciated)  

=  562500(1-8/100)^2

= 5625000(92/100*92/100)

= 4671

Answer 2

Answer:

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