the value of a car depreciates 12 percent every year. if it's persent value is rs 6,16,000, find its value a year ago.
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present value = rs616000
year ago value =
= 12% of 616000
= 12/100×616000
= 12×6160
= 73920
so the value of car a year ago = 616000-73920
= rs 542080
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