The value of a car decreases annually by 20%. If the present value of the car is ₹3,45,000, what will be its value after 2 years?
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The value of car after 2 years is 3,45,000*80*80/10000= ₹2,21,145
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Answer:
Decrease of car in two year = 40%
40% of present value = 40/100 into 345000
Value after two years = 138000
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