The cost of an oven is 8000. Its value depreciates at the rate of 10% every year. Find the total depreciation
in its value at the end of 2 years.
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Answer:
present cost of oven =₹8000
rate of depreciate =10%
cost of on after 2 years =8000(1-10/100)²
= 8000(90/100)²
=8000×8100/10000
=8×810
=₹6480
total depreciation =8000-6480
= ₹1520
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