Pradeep purchased a new car for rs 3,60,000. If the cost of the car is depreciating at the rate of 5% per annum. Calculate its value after two years.
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current price (x)= 3,60,000
value depreciated =0.05%
value retained = 0.95%
therefore,
value after 2 years = 3,60,000*(0.95)^2
=3,24,900
value depreciated =0.05%
value retained = 0.95%
therefore,
value after 2 years = 3,60,000*(0.95)^2
=3,24,900
advocatehema1:
thanx abhi once again for help
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