The value of a car depreciates 10% every year . What will be the value of the car after 2 years if its present value is ₹80,000?
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present value of car = 80,000
Cost depreciates every year = 10%
Cost of car after 1 year = 10% of 80000
=> 10/100×80000
=> 8000
New price = 80000-8000
= 72000
cost after 2 year = 10% of 72000
=> 10/100×72000
=> 7200
New price = 72000-7200
=> 64800
hence, the car cost 64800 after 2 year.
Cost depreciates every year = 10%
Cost of car after 1 year = 10% of 80000
=> 10/100×80000
=> 8000
New price = 80000-8000
= 72000
cost after 2 year = 10% of 72000
=> 10/100×72000
=> 7200
New price = 72000-7200
=> 64800
hence, the car cost 64800 after 2 year.
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