The value of an article depreciates every year by 20%.If the present value of the article is 10000 then the value of this article 3 years ago was
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Answer:
Price of the article decreased in one year = 20/100 × 10000 = 2000
Price of article decreased in 3 years = (2000×3) = 6000
Price of article 3 years ago = 10000+6000 = 16000
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4000
Step-by-step explanation:
present value =10000
value decreases every year=20%
the value decreases per year =10000/20%=2000
value decrease per 3 years =10000 - 2000x3
=10000 - 6000
= 4000
value increase per every year = 10000+2000×3
=10000+6000
= 16000
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