The value of an equipment depreciates by 20,% every year. How much less will the value of the equipment be after 3 years
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51.2 % of the original value...................
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Answer:
Step-by-step explanation: let the initial value be 100
Decrease after:
1st year =80
2nd year=64
3rd year=51.2
Therefore decrease in value after 3 yrs=100-51.2=48.8
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