paramveer purchase a car for 4,00,000 if total cost of the car is deprecating at the rate of 10%p.a calculate it's value after 3 years
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P = ₹4,00,000
R = 10% p.a.
T = 3 YEARS
A = P [ 1 + R/100 ]ⁿ
= ₹ 5,32,400 .
CI = ₹ ( 532400 - 400000 )
= ₹ 132400
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