cycle was purchased for 48000 if its value depreciates every year by 10% calculate the total appreciation in its value at the end of 3 years
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Answer:
a= p(1-r/100) ^3
a= 48000(1-10/100) ^3
Step-by-step explanation:
48000(9/10)(9/10)(9/10)
48×9×9×9
34992
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