The value of a motor cycle 2 years ago was ₹70,000. It depreciates at the rate of 4%p.a. find its present value
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Step-by-step explanation:
P =70000
Price after 1 year
P = 70000 - 70000×4/100
P = 70000 - 2800
P = 67200 Rs.
Current Price = 67200 - 67200×4/100
= 67200 - 2688
= 64512 Rs.
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