an article costs Rs 36,000. Its value depreciates at the rate of 10% during first year and the increased at the rate of 20% during the 2nd year. Find the value of the article after 2 years.
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Step-by-step explanation:
Given,
The original cost of machine = 36,000,
During first year,
Decay percentage = 10%,
So, the value of machine after 1 year = (100-10)% of 36000
= 90% of 36000
= 32400
During second year,
Growth percentage = 20%,
So, the value of machine in second year = (100+20)% of 32400
= 120% of 32400
= 38880
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