If an automobile depreciates in balues 5% every year, at the end of 4 years what is the value of automobile purchased for rs12000
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The value of automobile will be Rs.9600
Step-by-step explanation:
Depriciation =4years (5%of 12000)
=4×600
=2400
New value =original cost -depriciation
=12000-2400
=9,600
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