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The value of a motorcycle depreciates every year by 4%. What will be its value after 2 years, if its present value is ₹75,000 ? |
₹72,000 ₹70,120 ₹69,120 ₹69,000 |
₹69,120 |
4% = \(\frac{1}{25}\) Motorcycle value after 2 years = \(\frac{24}{25}\) × \(\frac{24}{25}\) × 75000 = Rs. 69120 |
