The value of a laptop depreciates by 35% every year. If the present value of a laptop is 45500,
what will be its value after one year?
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Answer:
The price of the laptop after 1 year will be Rs 29575
Explanation:
Present price of the laptop (p)= Rs45500
Rate of depreciation (r) = 35%
Time(n) = 1 year
Price of the laptop after 1 year will be :--
= p( 1 -- r/100)n
= 45500(1-35/100)¹
= 45500*(65/100)¹
= 45500*65/100
= 29575
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