Ajay brought a new computer for 40000 its value depreciates by 14% every year what will be the value after 2 years
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Answered by
1
Answer:
Depreciation of computer= 40,000×14%
=5600
depreciation of 2 years=5600×2=11,200
Computer value now=40,000-11,200= 28800
Answered by
0
Answer:
Step-by-step explanation:
This question can be solved using compound interest
According to the question,
The value of a new computer is 40,000 and its value decreases by 14% every year. Now we have to find the value of the computer after 2 years.
P = 40,000
R = 14%
T = 2 years
Using the formula:-
A = P (1 + R/100)T
A = 40,000 ( 1 -14/100)2
A = 40,000 ( 114/100)2
A = 29584
The value of the computer after 2 years becomes 29584.
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