A tv set was purchased for rs 27000.Its cost depreciated every year by5%.What will be it's cost after 2 years?
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depreciation = p(1+r)/100 ^n
=27000(1+5)/100 ^2
=27000 (95)/100^2
=27000*95*95/100*100 =24367.5
=27000(1+5)/100 ^2
=27000 (95)/100^2
=27000*95*95/100*100 =24367.5
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