The value of washing machine depreciates every year by 12%.What will be its value after 2 years, if its present value is rs. 60,000?
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5
Answer:
Rs.46,464
Step-by-step explanation:
Present value of washing machine = Rs.60,000
Rate of depreciation = 12%
Value after two years = 60,000 × (1 - 12/100)² = 60,000 × 88/100 × 88/100 = Rs.46,464
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Answer:
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