The present value of an article is Rs. 5120 and its value depreciates 12.5% every year. Find its value after 2 years.
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Answer:
P=5120
Depreciation%=12.5%
n= 2 years
A= P(1-R/100)^n
= 5120(1-12.5/100)^2
=5120X87.5/100X87.5/100
=3920 Rs.
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