what is the present value of property which would be worth 50000 after 3 years , if it depreciates at the rate 10% every year ?
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Answer:
15000
Step-by-step explanation:
Principal- 50000
time period- 3 years
rate of interest- 10%
= PRT/100
= 50000 x 3 x 10/100
= 5000 x 3= 15000
Pls tell if this is correct or wrong
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