The value of a T.V., purchased two years ago, depreciates at 12% p.a. If its present worth is Rs. 9680, for how much was it purchased ?
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Step-by-step explanation:
Given, A= Rs.9680,T=2 years,R=12%
∵A=P(1−
100
R
)
9680=P(1−
100
12
)
2
9680=P(
100
88
)
2
P=9680×
22
25
×
22
25
= Rs. 12,500
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