Q2. A new car is purchased for Rs. 3,00,000 its value depreciates at the rate of 10% per annum,what will be its
value after 2 years.
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Answer:
principal = 300000
rate = 10%
time = 2 yr
A = p ( 1-R/100)²
A= 300000 ( 1- 10/100)²
A= 300000 ( 9/10 × 9/10 )
A= 300000 × 81 × 100
A= 3000× 81
A= 243000
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