The sofa-set was bought for Rs. 10,000/-. Its value depreciated at the rate of 2.5% per annum. Find its value after one year. *
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Answer:
A = P(1- r) ^t
A= 10,000 (1- 2.5/100 ) ^1
A= 10000 ( 1- 1/40 )
A= 10000( 39/40)
A= rs. 97250
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