The value of a car decreases annually by 20%. If the present value of the car is ₹450000, what will be is value after 2 years?
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present value of the car is ₹ 450000
after 1 year value decreases 20%
after 1 year value if the car will be
₹(450000-450000×20/100)
= ₹ (450000-90000)
= ₹ 360000
after 2 year the value of the car will be
₹ (360000-360000×20/100)
= ₹ (360000-72000)
= ₹ 288000
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