The price of a motorcar is 2,56,000. If there is an yearly depreciation of 2.5% in its price, what will be the price of the car after 3 years?
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Answer:
236800 is the answer (256000×2.5%=6400) for one year then for 3 years 6400*3 =19200
So original value = 256000- 19200 (3yr depreciation) = 236800
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Answer:
236800 is the correct answer
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