value of car depreciates 20% ,2 year after if its present value =€ 3,50,000
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value of Car after 2 years
=350000×(1-20/100)^2
=350000×4/5 ×4/5
=224000
=350000×(1-20/100)^2
=350000×4/5 ×4/5
=224000
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