Raju bought a car for rupees 3,00,000 in 2018. the rate of depreciation is 10% per year. find the depreciation in prices of the car in the year 2020
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Answer:
Total rate depreciate in 2 years(2020-2018)=10×2=20%
The price of car after depreciating
=3,00,000-20% of 3,00,000
=3,00,000-60,000
= 2,40,000
Hence the price in 2020=Rs 2,40,000
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