The value of a machine reduces by 20%
every year. If the present value is 715,000,
what will its value be 2 years later?
duces by 20%
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Answer:
step by step explanation:
First year: 715,000×20%
715000×20÷100
=143000
Price of machine in first year: 715000 - 143000
=572000/-
Second year: 572000×20%
572000×20÷100
=114400/-
Price of machine in second year: 572000 - 114400 = 457600/-
Final price of machine: RS. 457600/-
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