Question

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The value of an article which was purchased 2 years ago, depreciates at 12% p.a. If its present value is Rs 19,360, the price at which it was purchased is ​

Answer 1

Step-by-step explanation:

Given A=Rs 19360, R =12%, T=2years

A = P (1-R/100)

19360 = P (1-12/100)²

19360 = P (88/100)²

P = 19360× 25/22 × 25/22

P = Rs 25,000. Answer