The value of an old brass vase depreciates at the rate 10% per annum. If its present value is 5,000, find the
time after which its value will be reduced to 3,645.
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⇒ 1st year = 5000 - 500 = 4500
⇒ 2nd year = 4500 - 450 = 4050
⇒ 3rd year = 4050 - 405 = 3645
So after 3 years it value become 3645
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