Afzal purchased an old moterbike for Rs 16000 if the value of moter bike after 2 years is Rs 14440 ,find the rate of depreciation
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It should be 9.75%
As
Cost price / selling price *100
16000/14440*100 =9.75
As
Cost price / selling price *100
16000/14440*100 =9.75
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