the cost of a vehicle is rs 175000. if its value depreciates at the rate of 20% per annum, find the total n after 3 years.
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Answer:
Value of the vehicle after 3 years
=1,75,000×(1−
100
20
)
3
=1,75,000×
5
4
×
5
4
×
5
4
= Rs. 89,600
∴ Total depreciation
=1,75,000−89,600
= Rs. 85,400
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