The price of a radio is depreciated by one-tenth in a year. Find the rate of depreciation.
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Lets Price of article is 100
Dep value after 1 year =100− 100
100×10 = 90
Dep. value after 2 year =90−
100
90×10 =81
Dep. value after 3 years =81−
100
81×15 =68.85
Total Dep. =100−68.85 = 31.15%
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