An air conditioner was purchased at Rs 20000. Its value depreciated at the rate of 3% per annum. Its value after 2 years would be:
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Step-by-step explanation:
Given, P=5500,r=12% depreciates, n=2 years
We know A=P[(1−
100
r
)
n
]
⇒A=5500[(1−
100
12
)
2
]
⇒A= Rs. 4259.20
Thus, the value of machine 2 years before is Rs. 4259.20.....i think so...
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