the value of a car depreciates 5%every year . if the present value of the car is rupees 50000 what will be its value after 2 years
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Answer: Rs 45175
Step-by-step explanation:
Present value of car : Rs 50000
Depreciation : 5%
Time : 2 yrs
Depreciation in 1st yr : 50000 - (5% of 50000)
= 50000 - 2500
= 47500
Depreciation for the 2nd year : 47500 - (5% of 47500)
= 47500 - 2375
= 45125
So, the value of car after depreciation= Rs 45175
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