The volume of a machine decreases every year by 5%.If the present value of the machine is 27500 what will be the value of the machine after 2 years
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the answer is rs 24818.75 hope it helps you
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A= P(1-R/100)^T
A= 27500×361/400
A= 275×361/4
A= 24918.75
A= 27500×361/400
A= 275×361/4
A= 24918.75
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